Location or Expansion

Information and Financial Services

As business-to-business and business-to-consumer products and services become increasingly reliant on technology to deliver their services or manage them, companies are finding that their portfolio of digital operations continues to grow.

Oklahoma Information and Financial Services - Network cables

These products and services are moving toward Internet and mobile-based platforms which will require continual innovation in front-end and back-end solutions. IT infrastructure demands will increase and become increasingly mission-critical, especially in the financial services industry

Oklahoma can offer information and financial services companies a compelling value proposition.

Oklahoma is presently home to over 70 data centers servicing the IT storage needs of a wide range of industries. Notable companies with data centers in the state include Google, IBM, Avaya, ADP, HP, AT&T, Cox Communications, Hyatt Hotels, Hertz, Avis Budget Group, Dollar and Midcon.

The state has a robust information and financial services ecosystem which supports these types of operations with incentives, a skilled workforce, and a state operating environment which supports growth in the sector.

Information Services

Energy Advantage

  • Low cost of energy: According to the Energy Information Administration (EIA), the average industrial price per kilowatt-hour in Oklahoma is 5.46 cents. This is in comparison to the national average of 6.82 cents, representing a 20% discount. Similarly, the average retail price per kilowatt-hour in Oklahoma is 7.59 cents, compared to the national average of 9.83 cents. This represents a 23% discount for energy in Oklahoma compared to the national average. 
  • Diverse energy sources: Oklahoma offers a variety of alternative energy sources including natural gas, geothermal, wind and hydropower.  Oklahoma is currently the fourth largest producer of natural gas, and the U.S Department of Energy predicts Oklahoma could be the second largest generator of wind energy by 2030.

Research and Commercialization Advantage
A number of organizations and public/private partnerships exist in Oklahoma which  support Information and Financial Services companies.

  • Tulsa Supercomputer: The Tandy Community Supercomputer in Tulsa is a tool designed to shrink time spent on research to a fraction of what it is today while making that research affordable to small to medium-sized businesses. Various companies, businesses, researchers and schools may buy in for $10,000 per node plus an addition $2,500 annual maintenance fee.
  • Fab Lab Tulsa: Fab Lab is short for Fabrication Laboratory. It is a community center for innovation, entrepreneurship, and technological education providing access to an array of computer-controlled fabrication technology such as 3D Printers and Laser Cutters that can be used to conceptualize, design, develop, and fabricate almost anything. Fab Lab was originally developed by the Massachusetts Institute of Technology (MIT).
  • I2E: i2E, Inc. is a private not-for-profit corporation focused on growing high-growth companies in Oklahoma and making a positive impact on the state’s economy. I2E works directly with entrepreneurs, researchers and companies to help them commercialize their technologies, launch and grow new businesses and access needed capital.
  • The Oklahoma Innovation Institute: The Oklahoma Innovation Institute is committed to building an innovative economy in the Tulsa region. The Institute fosters collaborative research and development, entrepreneurship, company creation and retention, life-long learning and creative, future-oriented thinking.

Incentives Advantage
Oklahoma offers a number of incentives to qualifying data centers including:

  • Training incentives
  • Employee recruiting incentives
  • Quality jobs program
  • Property tax exemption
  • Sales tax exemption

Information Services Companies in Oklahoma

Company Location
AT&T Oklahoma City
Cox Communications Oklahoma City
Electronic Data Systems Corp Tulsa
Level 3 Communications Tulsa
Pioneer Kingfisher
Verizon Tulsa
Hitachi Norman
Seagate US Oklahoma City
Paetec Communications Tulsa
Teksystems Tulsa
Source: QCEW

Data Centers

Oklahoma is home to 70 datacenters.  Some of the notable centers include:

Google:
The 130,000-square-foot datacenter powers all of Google's services, including search, email, videos, productivity and mobile services. Despite its size, the datacenter takes up only 30 acres of Google's 800-acre campus at the Mid-America Industrial Park. Google has invested over $700 million in their Pryor datacenter, and has created approximately 150 jobs. The Google datacenter represents Oklahoma’s largest company investment in terms of capital outside of the energy sector.

HP:
HP occupies a 179,000 square ft. datacenter in Tulsa, Oklahoma, which includes 80,000 square ft. of raised floor space that can house more than 12,000 servers. HP Enterprise services doubled the size of their Tulsa datacenter in 2009. As of 2012, the Tulsa datacenter is one of 5 HP datacenters in the United States.

Boomer:
Boomer is the fastest academic supercomputer in Oklahoma state history. The supercomputer clocks in at a peak speed of roughly 109 trillion calculations per second and supports OU’s research initiatives. Researchers will employ Boomer to compute large amounts of data for a broad variety of research with emphasis on weather forecasting, molecular dynamics and high-energy physics, which explores the fundamental nature of matter and energy. Boomer also will support research in astronomy, coastal flooding, biomedical engineering, data encoding for disk drives, petroleum engineering, nanotechnology, groundwater contamination, biofuels, and wireless networks, among many other areas.

Cyber Security in Oklahoma

Oklahoma boasts some of the most highly regarded IT security programs in the nation.

  • Institute for Information Security (iSec): The iSec program at Tulsa University is a multi-disciplinary program, focusing on the study and research of global cyber security issues. TU has been designated as an NSA Center of Academic Excellence in Information Assurance Education. The program offer bachelors, masters and professional degrees.
  • Cyber Security Education Consortium (CSEC): CSEC is a national science foundation dedicated to building an information security workforce capable of implementing the national strategy of a secure cyberspace. The CSEC program is a partnership of community colleges and career and technology centers across 8 states, and currently comprises of 60 2-year institutions.
  • Rose State: Selected as a "National Site of Excellence" by the National Security Agency, Rose State is the 1st and only 2-year school to offer all 6 Committee on National Security Systems (CNSS) certifications in information assurance. Rose State has an enrollment of approximately 700 students in the program.

Financial Services

Education Advantage

With more than 125,000 students in area colleges each year, the Oklahoma City region educates as many youth as college towns like Boston or Philadelphia.

University in Oklahoma Associates Degrees Bachelors Degrees Masters Degrees
Oklahoma State University 0 616 214
University of Central Oklahoma 0 441 82
University of Oklahoma 0 305 122
Tulsa Community College 364 0 0
Northeastern State University 0 136 55
Source: EMSI
  • The Division of Finance at the Michael F. Price College of Business at the University of Oklahoma has a top echelon international reputation for the quality of its faculty. Its faculty has published more than 30 articles in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and the Journal of Financial and Quantitative Analysis.
  • Oklahoma State University Watson Trading FloorDesigned to provide students with the opportunity to gain hands-on experience in financial and commodity trading systems, risk management and financial analysis.

Financial Services Companies in Oklahoma

Verizon:
In January 2013, Verizon announced plans to establish a financial services hub at its facility at Cherokee Industrial Park in Tulsa, OK. Verizon already employs 900 people at the site. The plan calls for creating an additional 500 new jobs in finance and accounting that will handle accounts payable, accounting and other select finance jobs. Verizon chose Tulsa for a number of very sound business reasons, including the fact that it is a fantastic place to live, work and generally do business.

Paycom:
In February 2013, this nationally recognized payroll and human capital management technology company announced plans to add an $11.8 million fully-equipped building adjacent to its current headquarters in Oklahoma City; which is expected to house approximately 700 additional employees.