Like much of the country, Oklahoma suffered an energy and agriculture “depression” in the 1980s. Because we host huge petroleum and agricultural industries, the entire state felt an economic setback. What’s more, as the capital city and most populated portion of the state, Oklahoma City (OKC) saw a similar slowing of economic growth. But times have changed.
Not only did Oklahoma City weather the economic storm of the 80s, we have regained momentum and expanded our vision for the future. Oklahoma City is bouncing back in a big way. We have seen a surge in economic growth in recent years and, by all accounts, this upswing is here to stay. In the recent 2005 Economic Review, Oklahoma City leaders predicted the good times will last for the foreseeable future and cited a number of encouraging indicators on the horizon. For example, there is a growing rush of companies looking to Oklahoma City as a prime location for establishing new businesses or expanding current ones. Leaders see a steady increase for greater OKC in the areas of commercial real estate, job growth, and retail development. read full report...
