TULSA'S FUTURE SUPPORTS THOUSANDS OF JOBS, $829 MILLION IN CAPITAL INVESTMENT
30 Dec 2019
Tulsa’s Future, the public-private regional economic development partnership led by the Tulsa Regional Chamber, helped create 2,656 jobs and generate $829 million of capital investment in northeast Oklahoma in 2019.
Notable economic development projects announced from this year include Milo’s Tea Company’s $60 million production plant in Owasso; the relocation of 85 Triumph Aerospace Structures employees to downtown Tulsa; and the addition of 615 jobs at the American Airlines’ Tulsa maintenance base.
Tulsa’s Future tracks primary jobs at companies with which the Chamber has partnered with directly.
“Primary job growth has a ripple effect on the entire region, as each primary job supports additional secondary jobs in northeast Oklahoma,” says Bill Murphy, senior vice president of economic development for the Tulsa Regional Chamber. “The Tulsa region saw steady growth this year and continues to attract and expand high-quality employers.”
In addition to these announcements, Tulsa was recently recognized as one of the 50 best places to start a business and was ranked the No. 1 city in wage growth by Inc. Magazine. Per capita income in the Tulsa metropolitan statistical area is estimated to have risen 11.1% in 2018.
“American Airlines' continued investment in the region, as well as per capita income growth, are reflective of a strong regional workforce,” says Murphy. “Tulsa’s ranking as one of the best places to start a business is a testament to our continued economic development efforts.”
Tulsa’s Future is a collaborative economic development partnership that works with the City of Tulsa, 201 private investors from the business community, and a number of regional and tribal partners to further economic prosperity. Now in its third phase, Tulsa’s Future has generated $1.9 billion of capital investment and created 16,429 jobs since 2016. Since its inception in 2005, Tulsa’s Future has supported the creation of 69,249 jobs in northeast Oklahoma.
“Tulsa’s Future is a proven model that continues to transform our region and position northeast Oklahoma as an ideal place for businesses to grow,” says Mike Neal, president and CEO of the Tulsa Regional Chamber. “We are excited to continue this work with all of our partners and propel the Tulsa region into the next decade.”