Greater Oklahoma City

General Information

Greater Oklahoma City

• Ten county region• Oklahoma City MSA

Population:

1,308,537• Oklahoma City - Capital of

the State of Oklahoma• 29th largest city in the U.S.• Largest city in Oklahoma

Oklahoma City Quick Facts

• Most populous city in the State of Oklahoma

• Ranked No. 1 most affordable housing market of the 50 largest metropolitan areas

• In land area, it is the 3rd largest in the nation

• Tinker Air Force Base is the 2nd largest military air depot in the nation.

OKC U.S.

White 77.2 77.4

African American

10.0 11.4

Asian 2.9 3.7

American Indian

6.5 .8

Hispanic 6.0 .11

Other 3.4 4.8

Diversity

In the Greater OKC AreaStudents 216,517

Student/Teacher Ratio

17.9

Expenditures Per Student

$5,774

Percent Non-English

1.55%

Graduation Rate 89.2%

Education in OKC

Quality of Life

OKC Living by the Numbers

• 87.4 Cost of Living Index (13% below national average)

• 20 Minutes of average commute time

• 2 Points by which Oklahoma City's personal income growth rate is outpacing the national average

Climate in Oklahoma City

• Average annual temperature is 60°F

• Average annual rainfall of 33.6 inches

• Snowfall averages less than 10 inch a year

• The air is clean

Health Care

• Level 1 Trauma Center with MediFlight

• One of the nation's leading heart transplant teams

• One of the country's most complete medical research centers

• One of the most respected eye institutes

• Quality health care at 35 hospitals

Housing

• No. 1 most affordable housing marketof the nation's 50 largest metropolitan areas

• Family-housing

• Condominiums

• Townhouses • Apartments

Recent Accolades‘2nd fastest personal income growth rate in the U.S. since 1983” -Bizjournals “6th most appealing city for

workers age 20-30.”-Bizjournals

“Ranked 2nd among the nation’s 100 largest metro areas for economic performance since the recession” –Brooking Institute

Sixth Most Driveable City-America’s Most Driveable City Survey

Economic Information

Size of Economy

• The Gross Metropolitan Product of the area is

34.2 Billion

• World’s 124th largest economy

• Ahead of Costa Rica, Guatemala, Cuba,

Bulgaria and Syria (among others) and 2/3 of

all countries worldwide

Japan12%

Mexico1%

Belgium2%

Finland2%

France14%

Germany12%

Ireland1%Netherlands

6%

Singapore1%Sweden

7%Bermuda

5%

Switzerland4%

United Kingdom

17%

Australia2% Canada

14%

Economic Diversity – 100 International Companies

Major Area Industries• Government• Aerospace • Technology / Manufacturing • Energy• Distribution & Logistics • Biosciences / Biotechnology • Health Care Services • Shared Services / Back office

Cost Among Nation’s Lowest

• Oklahoma City’s regions cost of doing business to be one of the lowest

• Measured the relative cost of labor, energy, taxes and office space

Business Incentives

QUALITY JOBS PROGRAM• New jobs to the state

• Must average county wage or $28,878 whichever is lower

• Company must achieve $2.5 million annual payroll within 3 years

• Offer Basic Health Insurance

• Cash payments of up to 5% new payroll for up to 10 years

• Targeted Industries: Manufacturing, R&D including Wind Power Manufacturing, Corporate Services, Data Centers

INVESTMENT/NEW JOBS TAX CREDIT

Choice of Tax Credit based on…

Investment or New Employees• Five year tax credit on the greater of

1% per year of investment in new depreciable property or $500 per new employee

• Credit doubles in Enterprise Zones

• Credit doubles if investment exceeds

$40 million

• Minimum investment of $50,000

• Qualifying manufacturers or Aircraft

Maintenance

QUALITY JOBS + INVESTMENT TAX CREDITS

An incentive that targets industries that have large capital investments in addition to creating skilled jobs.

Qualifying Requirements:• Wages must be equal to or greater than the state’s average wage – presently

$35,131.• Capital investment greater than $40 million qualifies the investment for a 2% tax

credit per year for 5 years.• QJP+ITC may not be combined with Small Quality Jobs or 21st Century QJP.• Industries that may qualify for the incentive are only those industries that presently

qualify for ITC (that is manufacturing industries).• Requires a letter of determination from the the Department of Commerce that the

project is net benefit positive for the state.

• Becomes effective January 1, 2010.

AD VALOREMProperty Tax LiabilityApproximately 1% of the qualifying investment. Company pays the local taxing jurisdiction which varies by location.

Example: $100 million investment is app. $1 million tax liability.

Property Tax ExemptionsCompany may file for a 5-year tax exemption on qualifying assets.

Application made each year by March 15 to county assessor.

Local taxing jurisdictions are reimbursed by the State of Oklahoma.

PRIME CONTRACTOR• An incentive that rewards prime contractors for performing federal contracting

work in Oklahoma and awarding subcontracting work to Oklahoma businesses.

• An incentive for allowing companies that are awarded federal contracts (prime contractors) to be paid for jobs and payroll created at both the prime contractor and a qualifying subcontractor.

• FEMA emergency grants are not qualifying federal contracts.

• The net benefit rate ranges from .25% to 2% and is tied to the amount of subcontracting work performed by qualified Oklahoma companies and the total amount of contract work performed by the prime contractor in Oklahoma.

• A federal contract verifier ensures the prime contractor is awarded a qualifying federal contract.

• Currently, the University Multispectral Lab at OSU qualifies as a federal contract verifier.

• Effective July 1, 2009.

Additional Incentives

• Sales Tax Exemption on machinery and consumables used in the mfg. process, including energy

• Freeport Exemption on goods, wares, and merchandise which come into Oklahoma from outside the State and leave the State within 9 months

• 21st Century Quality Jobs provides up to 10% cash back on 10 or more jobs which pay wages of 300% of the state average or higher

Oklahoma City (SIP)

Potential local Incentive• 250 Jobs• Average Salary of $70,000• $40,000,000 investment

Your company could qualify for up to $1,875,000 million in local incentives. ($7,500/job)

MAPS

Metropolitan Area Projects (MAPS) 1993 - 2004

Bricktown Canal

Cox Convention Center

Bricktown Ballpark

State Fairgrounds Renovations

Civic Center Music Hall

Trolley System

Ford Center

Canadian River Project

Library Learning Center

MAPS for Kids & School Bond 2001 - Present

New Douglass HS

New US Grant HS

New John Marshall HS

• 8 projects, $777 million•7 years, 9 months of one-cent sales tax collection (maintains sales tax rate at current level)•Includes $17 million of contingency•Citizens Oversight Board

THE PARK70-acre world-class park

Centerpiece of “Core to Shore” project

TRANSIT5-6 miles of rail streetcar

Ability to fund potential commuter transit lines and transit hub

CONVENTION CENTERReplaces aging, inadequate facility

Required to maintain $1.8 billion visitor economyCreates jobs and attracts visitor dollars

SIDEWALKSStrategically-placed sidewalks near public facilities around the City, like libraries and schools

TRAILS57 miles of bicycle and walking trails around the City to all but complete City’s trails master plan

The Oklahoma RiverEstablish the best rowing course in the world, and construct a world-class whitewater kayaking facility

THE OKLAHOMA STATE FAIRContinue upgrades of publicly-used buildings

HEALTH AND WELLNESS AQUATIC CENTERS FOR SENIORSConstruct state-of-the-art wellness centers for seniors around the City

Arts and Culture

• Oklahoma City Stockyards

• Strong cowboy heritage

• Sit in on one of the largest cattle auctions

Western Flavor

• Rich Native American history and traditions from all the tribes.

• Hosts the Red Earth Festival,

Native American Heritage

• Oklahoma City’s Asian District is located just north of downtown

• Filled with restaurants, shops and cultural experiences.

Asian District

• Oklahoma City Museum of Art

• Paseo Arts Festival

• Festival of the Arts

• Arts Festival Oklahoma

Oklahoma City Arts

Performing Arts

• Civic Center Music Hall

• Oklahoma City Philharmonic Orchestra• Ballet Oklahoma

• Canterbury Chorale Society

• BLAC, Inc.

• Lyric Theatre

Attractions

National Cowboy and Western Heritage Museum

• Classic and contemporary western art

• Sculptures

• Great special event venue

• Peaceful monument

• Museum

• Outdoor memorial with its reflecting pool

OKC National Memorial Museum

• Oklahoma City Zoo

• White Water Bay

• Omnidome

• Science Museum Oklahoma

• 140 public parks including exercise paths, picnic areas, swimming pools and tennis

courts.

Family Fun Activities

• Restaurants

• Lounges

• Night clubs

• Upscale dining

• Cultural foods

Bricktown

• AT&T Bricktown Ball Park

• Home to the Oklahoma RedHawks

• One of the top minor league ballparks in the country.

Sports

• Ford Center

• NBA's newest team, the Oklahoma City Thunder

• Oklahoma City Barons of the AHL

• Oklahoma City Yard Dawgz Arena Football Team.

Sports

• Oklahoma City’s OKC Rocks

• Oklahoma City is rowing

• Chesapeake Boathouse on the Oklahoma River

• First-class rowing venue.

Sports

• The Myriad Botanical Gardens

• The Crystal Bridge Tropical Conservatory

• Martin Nature Park

• Over 50 lakes

• Private and Public Gold Couses

Urban Retreats