Oklahoma's
Advantage, Oklahoma Department of Commerce search
2
 
print this page
email this page
big font small font standard
size selector
 

 
map
 
 
New & Existing Businesses  Business Expansions 
New & Existing Businesses  

Business Expansions

Helping the state’s existing businesses expand and prosper represents a crucial part of raising the overall economic vitality of Oklahoma. Up to 90 percent of all new jobs created come from existing businesses. And, it’s significantly cheaper to retain jobs than attract new employers. In cooperation with the Oklahoma Alliance for Manufacturing Excellence and other strategic partners, the Oklahoma Department of Commerce offers a wide range of expansion and retention services to help existing businesses grow. Contact one of our Economic Development Specialists to find out how Commerce can help you.

Kudos: Recent Business Expansions

Data collected by the Oklahoma Department of Commerce shows investment announced by new and expanding manufacturers and processors in 2007 totaled over .3 billion. Within the next three years, over 7,300 new jobs will be created by 21 new and 56 expanding manufacturing firms.

Abobe Acrobat File2008 Annual Report Announced New & Expanded Manufacturers


 
 
Business Retention & Expansion Features Business Retention & Expansion Tools

Devon Energy Begins Construction on New $750 Million Tower in Downtown OKC

October 7, 2009 – The Oklahoman reports construction has begun on Devon Energy’s new $750 million tower in downtown Oklahoma City. The tower will be 50 stories and 850 feet high, making it the tallest building in Oklahoma.

Lead architect Jon Pickard tells The Oklahoman the Devon tower "groundbreaking" may be alone among skyscraper projects being launched this year. 

The entire project is expected to complete by late 2012.

New Arena Football League to Make Tulsa Its Headquarters

September 29, 2009 - The Journal Record reports a newly formly arena football league will be headquartered in Tulsa and bring with it an estimated $1.3 million economic impact.

The newly formed Arena Football League 1 will include a minimum of 16 franchises and begin play in 2010. Both Oklahoma arena teams, the Tulsa Talons and Oklahoma City Yard Dawgz, will compete in the new league.

The newly created league will unite the former Arena Football League, arenafootball2 and other indoor football teams under the Arena Football 1 banner.

Read More

Broken Arrow High Tech Manufacturer Planning Expansion

July 17, 2009 – The Journal Record reports high-tech simulator manufacturer AMI will move into 50% larger quarters this fall, with plans to boost its workforce by 15%.

While production of its core flight-simulator remains steady, the Broken Arrow-based subsidiary of L-3 Communications says it’s also seeing success with submarine simulators and nuclear power plant control-panel models, reports the Journal Record.

Read More

East Central Oklahoma Electric Cooperative Breaks Ground on Headquarters Expansion

June 10, 2009 – The Journal Record reports East Central Oklahoma Electric Cooperative has broken ground on a $5 million headquarters expansion and renovation project in Okmulgee.

The new headquarters will include a new 21,374-square-foot brick structure featuring a circular steel and glass entrance. The cooperative’s existing 26,022-square-foot headquarters will be renovated to provide work areas, community rooms and storage needs.

Although East Central generates its own power for a 3,000-square-mile region in and south of Tulsa, the headquarters will tap a 60-well geothermal environmental system originally installed in 1977, says the Journal Record. East Central is also considering seeking LEED Silver certification.

Insure Oklahoma Available

The Insure Oklahoma (Oklahoma Employer/Employee Partnership for Insurance Coverage-OEPIC) Individual Plan program is designed to provide Oklahoma individuals with health insurance for themselves and their spouse if needed.

The state covers 60% of the costs and the federal government provides matching funds. Employers pay 25% and employees pay 15%.

Insure Oklahoma is available to Oklahomans who are not qualified for an O-EPIC employer-sponsored health plan and work for an Oklahoma small business with 50 or fewer full time employees; temporarily unemployed adults who are eligible to receive unemployment benefits through the Oklahoman Employment Security Commission; or working adults with a disability who work for any size employer and have a "ticket to work."

To find out more visit www.insureoklahoma.org.

Contact:

Rana Steeds
Economic Development Specialist
405-815-5143
800-879-6552

 

random
CCBot/1.0 (+http://www.commoncrawl.org/bot.html)
Page was generated in 0.469336 seconds