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O’Connor

Business expansion good for Oklahoma City

More and more companies are making a commitment to Oklahoma City by basing their headquarters or certain corporate divisions in the city. This creates jobs and boosts the economy, producing even more benefits for local residents. These companies’ successes also have a domino effect in encouraging other businesses to come to Oklahoma City.

Boeing is one company making that commitment to Oklahoma City. Their expansion here has introduced new jobs in research and development and expanded infrastructure. The expansion is expected to have a $637.7 million impact in the first four years. Development continues as the 290,000-square-foot research facility near Tinker Air Force Base nears completion, which will result in 800 new jobs. Over the next decade, Boeing plans to bring nearly 1,000 jobs to Oklahoma City, making the company a permanent fixture in Oklahoma City’s economy.

It is in part through discussions and a working partnership with the Alliance for Economic Development that the Boeing expansion is taking place. When the Alliance set out to make Oklahoma City more business friendly, the end goal was to encourage situations like this. The Alliance is an all-in-one resource, creating an efficient way of facilitating negotiations with businesses.

Gov. Mary Fallin has been instrumental in creating this business-friendly climate that the Boeing expansion exemplifies. She approved incentives to assist in Boeing’s move to Oklahoma City, which was a contributing factor in their relocation decision.

“Business growth is critical for both Oklahoma and Boeing,” Fallin said. “Boeing’s decision to place key leadership positions here underscores the long-term nature of our partnership.”

Creating jobs is always beneficial for any state. The city’s partnership with Boeing and their continued commitment to our state has resulted in job creation, new facilities and a diversified economy. It is through the dedicated efforts of the Alliance and others that more businesses are realistically looking at Oklahoma City as a location for their company. The groundwork is in place for further business growth and expansion in Oklahoma City’s future.

Cathy O’Connor is president of The Alliance for Economic Development of Oklahoma City.

http://www.forbes.com/video/4516264889001/
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