Greater Oklahoma City is in the geographic center of North America equidistant from the east and west coasts and major trade partners of Canada and Mexico. The ten county region is at the crossroads of the U.S., sitting at the heart of three major national highways on the NAFTA corridor.
There's a reason Greater Oklahoma City is such a great place for business: Location. The ten county region is positioned within a day's drive of the rapidly-growing south-central region (OK, TX, AR, LA) projected to grow more than 44% during the next 25 years.
Explore the counties and cities of Greater Oklahoma City including major employers and higher education. The ten county region boasts an average commute time of 20 minutes and a skilled workforce over half a million strong.
Noting low costs of living and good jobs, Forbes named Oklahoma City America's Most Affordable City.
At the height of the Great Recession, Forbes.com said Oklahoma City was the most recession-proof city in the country. Two and a half years later, the magazine has given the city another top ranking.
Noting low costs of living and good jobs, Forbes named Oklahoma City as America's Most Affordable City.
The magazine also noted Oklahoma City's friendly residents and an unemployment rate well below the national average, 6.3 percent compared to 9.5 percent.
"We searched for cities that had a balance of cheap living and economic prosperity - places with solid job markets, but where costs aren't prohibitive," magazine editors said. "In these cities, costs have stayed down, but residents have held onto steady incomes and decent jobs, making them a true bargain."
Forbes looked at all metropolitan statistical areas with populations of at least 100,000. They were ranked on the cost of a basket of goods and services, including groceries, health care and transportation, as of the second quarter of 2010.
The magazine also measured the monthly cost of housing as a percentage of household income.
The average sale price of an Oklahoma City-area home in September was $158,755, up 6.7 percent from September 2009, and the median price was $135,000, up 4.8 percent, according to the Oklahoma City Metro Association of Realtors.
The next four spots on the Forbes list went to Pittsburgh; Buffalo, N.Y.; Rochester, N.Y.; and Nashville, Tenn. The top 10 also includes three Texas cities: San Antonio, Houston and Austin, along with Louisville, Ky., and Birmingham, Ala.
"State capitals and university towns have vibrancy because of their job base, the stability of jobs and cultural diversification," said James Gaines, a research economist at the Real Estate Center at Texas A&M University.
Continuing praise
The ranking was the latest in a string of kudos for Oklahoma City. In October, Oklahoma City was named a Top 25 Performing City by the Milken Institute, No. 7 Best City for Income Growth by Portfolio.com, a Top 5 Fastest Growing City by Forbes and a Top 10 State for Doing Business by Area Development Magazine.
"In times like these, value is key to everything we do as a chamber," said Roy Williams, president and CEO of the Greater Oklahoma City Chamber. "From attracting new business, retaining and fostering growth with our current companies to attracting conventions and visitors, the number one factor on everyone's mind is value. Affordability isn't always about being the cheapest, it is also about the quality you get for your dollar."
The Boeing Co. recently announced plans to move 550 high-paying engineering jobs here. The company cited low costs of living and doing business and economic development incentives in the decision to move the jobs from Long Beach, Calif.
The state's cost of doing business, its economy and its appealing spot in the middle of the country enticed a Florida company to relocate to Oklahoma City.
For more information on Legacy for Life, i26 Hyperimmune Egg Supplement, or to learn more about how to be an independent distributor, go to legacyforlife.com.
And Legacy for Life has plans to grow the supplement company nationally and internationally, its president said. "We moved here because of the positive business climate, talented work force and central location," said Francis Marino. "We think it is the perfect place for Legacy for Life to grow and prosper."
The company's new corporate office at 6520 N Western Ave. houses 20 employees, including a core of customer relations workers.
Legacy for Life, which was based in Melbourne, Fla., for about 10 years, has offices in San Diego, Hong Kong and Taiwan and a distribution center in Memphis.
"It's not a global business yet, but we're headed that way," Marino said.
The company's primary product is its patented and clinically tested i26 Hyperimmune Egg, a supplement available in powder and tablet form that supports immune and joint function, he said. The product is derived from both the white and the yolk of eggs of hens stimulated with more than 26 inactivated pathogens.
The product was developed by two of the United States' largest Fortune 500 companies before being acquired by scientists at Legacy for Life, Marino said.
Legacy's chief science officer, Hellen Greenblatt, said she has taken the supplement for more than a decade.
Marino said Oklahoma City will be instrumental in growing the company's distribution base.
"We are trying to expand the product in the middle of the country," he said. "We distribute the product throughout the United States and a central location is an advantage."
He also hopes to create a bigger customer service department. The product is sold online and through distributors.