Location or Expansion

Key Business Ecosystems

Oklahoma's Strategic Approach to Economic Development: As the global economy changes, so must our economic development priorities.

It is vital for Oklahoma's policies to support the foundation of today's economy while accelerating tomorrow's growth and prosperity. All jobs are important to a thriving economy, but our resources should be concentrated on investments with the highest possible return for Oklahoma's residents. The results will be continued economic growth and greater prosperity for Oklahoma's future.

Oklahoma's economic performance over the past several years has been markedly better than other states with growth rates in payroll employment continually in the top five. Through resource prioritization, policy alignment, outcome maximization and performance accountability, Oklahoma will maintain its position as one of the strongest state economies – now and into the future.

Oklahoma's Key Industry Ecosystems: We have identified and targeted groups of wealth generating industries for business retention, expansion and recruitment in order to maximize Oklahoma's economic development efforts. We are dedicated to nurturing a well-trained workforce and providing supporting infrastructure to meet these industries' needs. Oklahoma's key industry ecosystems are:

Aerospace and Defense

Examples of industries that comprise this group:

  • Parts and Components Manufacturing
  • Maintenance, Repair, and Overhaul
  • Unmanned Aerial Systems
  • Military-Related Research and Development
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Energy

Examples of industries that comprise this group:

  • Machinery Manufacturing
  • Natural Gas Products
  • Distribution
  • Engineering Services
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Agriculture and Biosciences

Examples of industries that comprise this group:

  • Food Manufacturing
  • Commodity Production and Distribution
  • Fertilizer Manufacturing
  • Research and Development
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Information and Financial Services

Examples of industries that comprise this group:

  • Data Centers
  • Banking and Investment
  • Cyber Security
  • Computer Systems
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Transportation and Distribution

Examples of industries that comprise this group:

  • Air, Rail, Water, and Pipeline
  • Equipment Manufacturing
  • Warehousing and Storage
  • Wholesale Brokers
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Why these industries? To determine which groups of industries would be priority, we considered the following criteria:

  • Wealth Generation
  • Sales Revenue
  • Export Share
  • Wages
  • External Wealth Generation
  • Growth Potential
  • New Markets
  • Industry Trends
  • Number of Establishments
  • Competitive Advantage
  • Location Quotient
  • Physical Assets
Industry Ecosystems Total Sales as percent of the Oklahoma economy. Aerospace and Defense 5.9, Energy 21.1, Agriculture and Biosciences 7.3, Information and Finance 7.6, Transporation and Distribution 6.7.
Oklahoma Total Sales

Using these criteria, and measuring 72 different factors, we determined Oklahoma's strongest industry ecosystems. Manufacturing is deeply woven into each of these identified groups, providing unique niche opportunities for each industry to further expand globally and to build a stronger, higher paid workforce. These groups are not mutually exclusive, and, on the whole, provide the backbone of Oklahoma's economy.

Industry Ecosystems Total Earnings in Billions of Dollars. Aerospace and Defense 5.4, Energy 14.58, Agriculture and Biosciences 5.84, Information and Finance 5.57, Transporation and Distribution 7.46.
Oklahoma Total Earnings (Wages & Salaries)