Oklahoma Commerce

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Invest Oklahoma

Oklahoma’s central location and easy, affordable access to domestic and international markets, low business costs and taxes, comprehensive transportation system (interstate, rail, air, and inland ports), cutting-edge incentives, and a technologically skilled workforce make it THE place to live and do business.

Known globally as an oil and gas giant, Oklahoma is rapidly diversifying that power portfolio to become America’s clean energy leader—a primary focus of our FDI efforts.

Foreign-owned renewable energy companies, such as Umicore Optical Materials (solar panel parts) and Acciona (wind power facilities and turbines) continue to expand across the state.

Acciona expects its second Oklahoma wind generation facility to go online by the end of 2010, and the company’s first Oklahoma facility (Red Hills) became the first in the United States registered under the Voluntary Carbon Standard requirements.

Umicore expects its new facility in Quapaw to open by mid 2010, representing its second foreign direct investment in Quapaw and its third in Oklahoma. The company also operates Umicore Autocat at the Tulsa Port of Catoosa, one of Oklahoma’s inland ports.

SBA Podcasts for Small and Medium Size Businesses

The Small Business Administration (SBA) has a number of podcasts available to assist small and medium sized companies.  While their topics range from marketing and sales, human resources, and the technology that you employ to keep your business functioning smoothly; they also have a number of podcasts to assist you in exporting.
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Express Insurance - Expedited Protection Against Foreign Buyer Nonpayment

There is a new product from the Export-Import Bank called Express Insurance.  It is a short-term insurance policy that help small businesses expand into new foreign markets, add new buyers, and transfer all foreign buyer credit decision making to Ex-Im Bank at an economical cost.
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Clean Energy Oklahoma

Known for its rich, vibrant history with traditional energy, Oklahoma is quickly becoming the Clearn Energy Capital of the United States.  From wind and solar production to a vast abundance of natural gas and first-in-nation Smart Grid technology, Oklahoma welcomes renewable energy investors.  Consider the following:

*  Oklahoma is among America’s top wind energy producers and offers as much solar energy potential as Southern California, Texas, New Mexico, and Arizona.

* Oklahoma is the third largest natural gas producer in the country, and boasts two of the largest independent producers of natural gas in the world.

* Fully 83% of Oklahomans agree that Oklahoma should use clean energy to meet growing electricity demand and reduce carbon.

* Oklahoma’s utilities are aggressively adding wind generation to their portfolios, looking for opportunities to use solar and biomass, building transmission, installing Smart Grid technologies, and offering special tariffs to spur clean energy generation and related manufacturing.

* Millions of dollars in stimulus and miscellaneous federal grants are flowing into Oklahoma to fund solar and wind technician training, energy efficiency, weatherization, and a variety of clean energy efforts to significantly reduce Oklahoma’s carbon footprint.

Oklahoma Global Snapshot

*  About 1,400 foreign-owned companies employ more than 35,500 people across Oklahoma.

*  Oklahoma ships products to more than 170 countries each year; Oklahoma exports grew by 58% between 2004 and 2008.

*  Oklahoma maintains trade offices in Mexico, Middle East (Israel), and China and offers a variety of free services to help companies move into these and other markets.

*  With one of the nation’s most resilient and productive manufacturing sectors, Oklahoma offers more than 4,000 manufacturers waiting to supply and partner with your company.

*  Besides solar, wind, geothermal, and bio-energy resources, Oklahoma offers an abundance of iodine, gypsum, Tripoli, helium, feldspar, coal, lumber, silica, clay, sand, and gravel.

*  Oklahoma’s aerospace industry ranks as a world leader in maintenance, repair, and overhaul. Through public-private partnerships and as the only place in the United States with access to restricted federal air space, Oklahoma is now establishing itself as a pioneer in unmanned aerial vehicles.

*  A growing number of bioscience and research and development organizations are based in Oklahoma gaining national recognition for their cutting edge innovations.

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