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.
A Georgia-based company that makes private-label tissue products will open a new plant in Oklahoma City in June, the company's first facility in the Southwest.
Cellu Tissue Holdings Inc., which went public in January, is at work retrofitting a 325,000-square-foot building at the former Lucent Technologies site at 50 N Council Road.
The converting plant will make napkins, paper towels, bath and facial tissue from large rolls of paper. Cellu Tissue's products are sold nationally in retail stores.
The company did not provide information on the number of jobs it will bring to the community.
"The addition of our new Oklahoma City converting facility is perfectly aligned with Cellu Tissue's key growth strategy and ensuring we deliver to our valued customers the broadest range of converted private label tissue products that they require on time and complete," Russell Taylor, Cellu Tissue's president and chief executive officer, said in a company statement.
Oklahoma City officials said the company conducted a national search before choosing Oklahoma City and finalizing that decision in December.
The long-term lease was negotiated by Gerald Gamble of Gerald L. Gamble Co., who spent weeks showing Cellu Tissue officials buildings here and as far away as Little Rock.
"They liked Oklahoma," Gamble said, and the availability of a high-quality building just four blocks from Interstate 40.
The plant will be in a freestanding building constructed 10 years ago that has heavy industrial flooring, high ceilings and dozens of dock doors, he said.
The former distribution site is undergoing a multi-million dollar remodeling to include manufacturing operations.
The leased space is owned by 7725 Reno #2 LLC, which is managed by Terryl Zerby.
"It's wonderful to bring a manufacturer from out of town into Oklahoma City," Gamble said.
"I'm glad Oklahoma City got the plant," he said.
Oklahoma City officials said the cost of doing business in Oklahoma and the central location were major factors in the company's move here.
"Oklahoma City has one of the most progressive business climates in the nation, and I'm glad Cellu Tissue recognized what we could bring to the project," said Robin Roberts Krieger, vice president of economic development for the Greater Oklahoma City Chamber.
"We are thrilled that they chose Oklahoma City, and the fact that they are bringing new jobs as well as bringing new life to the former Lucent facility is outstanding," she said.
Cellu Tissue is not receiving any incentives to locate in Oklahoma City, the chamber said.
The company is headquartered in Alpharetta, Ga., and has manufacturing locations in Wisconsin, Mississippi, Michigan, Georgia, New York, Connecticut and the Canadian province of Ontario.
Information about Cellu Tissue Holdings Inc. is available online at www.cellutissue.com.