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.
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.
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.
OKLAHOMA CITY- “Harper’s Bazaar” today announced Balliets, Oklahoma City’s premier women’s retailer, has been named a “Harper’s Bazaar Style Leader”.
Balliets joins the prestigious group of the best specialty stores in America, as chosen by the magazine’s editors and other important industry figures.
“Women’s specialty stores have a unique place in fashion retailing,” said Valerie Salembier, “Harper’s Bazaar’s” senior vice president and publisher. “’Harper’s Bazaar’s Style Leaders’ provide high-quality customer service and luxurious products, resulting in a personalized shopping experience that our readers truly appreciate. ‘Harper’s Bazaar’ is proud to salute Balliets and America’s ‘Style Leaders’, the top tier of women’s fashion specialty stores.”
Balliets owner Bob Benham is no stranger to this honor as the magazine has named Balliets “Style Leader” for the past six years. Balliets is one of only two stores in Oklahoma to receive this recognition, with Tulsa’s Miss Jackson’s also making the list of 74 specialty stores across the nation.
“We are honored to receive this acknowledgment from one of the most respected publications in the industry,” Benham said. “This year we’ve taken our store to a whole new level of luxury, and I’m thrilled to see industry leaders take notice of our commitment to providing unsurpassed style and elegance to the women of Oklahoma City.”
Balliets recently relocated to the Classen Curve, an innovative restaurant and retail complex developed by Chesapeake Energy and designed by Elliott + Associates Architects. The new store is a two-story work of art featuring clothing from top designers combined with attractive price points. Balliets also offers a second-floor cosmetics bar and secluded spa providing customers with a unique, intimate shopping experience.
“This modern Main Street has allowed us to spoil our customers with chic design and effortless convenience,” Benham said. “There’s no better place to be in Oklahoma City than Classen Curve.”
The complete list of “Style Leaders” can be found in the September 2010 issue of “Harper’s Bazaar” on page 224.
About Classen Curve
Classen Curve (www.classencurve.com), the 94,000 square foot retail and restaurant complex is located just southwest of the 40-acre Chesapeake Energy corporate campus. The new center is a central part of a vision of Chesapeake’s CEO Aubrey McClendon to create a vibrant retail, entertainment and business district northwest OKC. The first tenant to open in the Classen Curve was 105 Degrees restaurant in the fall of 2009.
Located in a 17,000 square foot space on the Classen Curve, Balliets (www.balliets.com) provides