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Tuesday, February 19, 2019

OKCís economic engine

Tinker worker

While energy jobs are important to our local economy, most newcomers (and even some longtime residents) are shocked to learn that energy jobs make up only 3.5 percent of Oklahoma City’s employment base. The diversity of our local economy and the size of sectors such as aerospace and bioscience are a surprise to most. Here are some of the sectors having a big impact on our region’s economic health:

Aerospace
Oklahoma City’s aerospace industry is soaring, pun intended. Greater Oklahoma City’s aerospace industry represents more than 36,000 jobs at more than 230 public- and private-sector firms. The state of Oklahoma ranks 12th nationally in the number of aerospace engineers, fifth in aircraft mechanics and service technicians, and eighth in avionic technicians. Aerospace firms now produce $4.9 billion in goods and services locally.

Biotechnology
With the Oklahoma Health Center just north (east?) of downtown, Oklahoma City has long been a hub of biotech research. In recent years, Oklahoma City’s own research institutions have made significant advances in the fields of Alzheimer’s disease, rheumatoid arthritis and septicemia, to name a few. Firms in Greater Oklahoma City’s biotech sector boast annual revenues of more than $6.7 billion and employ more than 51,000 workers.

Technology and entrepreneurship
It is no secret that Oklahoma City’s pioneers, both in the past and present, have carried a spirit of entrepreneurship into their business and civic ventures. That spirit is very much alive today in Oklahoma City’s growing entrepreneurship community. From successful tech startups to the inventor’s workbench, OKC is a place where your ideas can get off the ground. (Looking for entrepreneurial resources? Visit www.greateroklahomacity.com [especially the EDIS and LBI tools] and www.i2e.org.).

Energy
Oklahoma City has long been considered a global oil capital, and with good reason. Oklahoma has a rich history of growing successful energy companies and our state Capitol even has a working oil rig on its grounds. But a lot has changed since the early wildcatter days of Oklahoma’s past. Oklahoma energy companies work in petroleum, compressed natural gas, wind power and solar energy, and they use state-of-the-art technology.

energy, entrepreneur, tech, aerospace, bioscience
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, January 1, 2019

Best of 2018

OKC Streetcar ribbon cutting

Each year we like to take a look back at some of our favorite posts of the past year. 2018 was a big year for our city as the streetcar opened and ground was broken on major projects like ScissorTail Park and the new convention center.

  • Meet the Mayor- For the first time in nearly 15 years Oklahoma City has a new mayor.  
  • Our bio story- Most people don’t think of OKC as a biotech hub but it is big business for our metro.
  • VeloCity- This year we launched VeloCityOKC.com, a new website aimed to help keep our citizen’s informed on the community.
  • OKC in 2020- Sometimes Oklahoma City is changing so much it is hard to even imagine what the next decade will look like. With the new OKC in 2020 video you don’t have to imagine it anymore.  
  • Bottoms up- Craft brewing has exploded in the metro thanks to recent changes to the State’s liquor laws.  
  • Sweet tooth- Some might argue finding the best sweets is the most important thing when you move to a new city.  
velocity, beer, bioscience, food, streetcar
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, June 5, 2018

Bio is big business in OKC

Bio Tradeshow Booth

Did you know biotech is one of OKC’s – and Oklahoma’s – biggest industries and employment drivers? With more than $2.2 billion in compensation, supporting 51,000 employees and annual revenues of more than $6.7 billion, biotech is truly big business here in Oklahoma City. That’s one reason why scientists, business leaders, educators and economic development officers from across the state will take the best of Oklahoma bioscience to Boston in order to garner interest in one of Oklahoma’s fastest-growing economic powerhouse at the 2018 BIO International Convention, June 4-8. The delegation will promote the accomplishments of the Oklahoma bioscience sector and meet with potential business partners.

Companies and entities that comprise our city’s biotech sector run the gamut from pharmaceutical-related companies to research organizations and everything in between. Interested in working in this space? Good news, because opportunities abound and employment growth (23 percent since 2003) is expected to continue. Get more info at www.greateroklahomacity.com/industries/biotech/, and watch local media for stories on the Oklahoma BioScience Association and Oklahoma’s presence at the BIO International Convention this week.

The delegation’s efforts will be marketed under the banner of the Oklahoma Bioscience Association (OKBio), where they will help staff a 1,200-square-foot Oklahoma Bioscience Pavilion complete with touch-screen monitors showcasing Oklahoma’s bioscience companies. The delegation will answer questions from prospective targets that might be interested in doing business in Oklahoma. Attendees will also attend networking events and set partnering meetings with business contacts who may be interested in their specific endeavors.

Want to know more? Consider this; Oklahoma is fertile ground for bioscience growth, talent and premier facilities:

  • The Oklahoma Center for the Advancement of Science and Technology (OCAST) has funded 2,700 projects at more than $285 million, attracting $6.5 billion in private sector and federal dollars for a return on investment of 22:1.
  • The University of Oklahoma Health Sciences Center is dedicated to both basic and translational research, with patient-centered care and research ongoing at the Stephenson Cancer Center, the Harold Hamm Diabetes Center and the Dean McGee Eye Institute.
  • The University Research Park is part of the University of Oklahoma Health Sciences Center campus located in Oklahoma City, Oklahoma. The complex consists of more than 700,000 square feet of modern biomedical research lab and office space supported by state-of-the-art communications and infrastructure systems.
  • The Noble Research Institute is the largest private foundation in the country conducting plant science and agriculture research.
  • Oklahoma State University is a leader in agriculture and animal science research.
  • In the past year, i2E, Inc. invested over $4.8 million in 10 Oklahoma bioscience or life science companies and $28 million over the past 20 years.

And you thought cutting-edge tech stuff only happens on the west coast!

bioscience, employment
Posted by: Greater Oklahoma City Chamber
Comments (0)



A biotech story

OKC Bio Scientist

One thing that consistently surprises newcomers to our great city is the width and depth of Oklahoma City’s bioscience sector. When most people think of biosciences they think of the coasts. However, for decades, cutting-edge research that has helped save countless lives has happened in the heart of downtown OKC. In fact, the industry employs more than 51,000 in our region.

In an attempt to better explain the history and look towards the future of the industry, bio tech in Oklahoma City has a new story feature at www.greateroklahomacity.com/biostory. The story focuses on Oklahoma City’s rising biotech industry. With a format intended to be easily shared with clients, coworkers and friends, the storytelling section of the Chamber’s economic development website combats the disconnect between Oklahoma City’s impressive growth and outdated perceptions about Oklahoma City’s culture. “Brilliant: Soaring Science from a Rising Bio Campus,” the second installment of the series, demonstrates how Oklahoma City’s pioneering spirit shows up in the futuristic achievements of the region’s biotech industry. From its foundations until today, the feature walks the reader through how synergy, discovery and sharing Oklahoma City’s bioscience industry with the world has made the region a frontier for achievement.

Each chapter of the story offers the chance to engage with more contextual content, with links to interviews with some of Oklahoma City’s brightest researchers, virtual tours of research space and more. Like all Chamber websites, this site is responsive and can be accessed on smartphones, tablets and computers, which means it will look great however you choose to read it. The story is also easy to share with friends, co-workers and contacts outside of the Oklahoma City area.

bioscience
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, March 20, 2018

A biotech story

Bio in OKC

One thing that consistently surprises newcomers to our great city is the width and depth of Oklahoma City’s bioscience sector. When most people think of biosciences they think of the coasts. However, for decades, cutting-edge research that has helped save countless lives has happened in the heart of downtown OKC. In fact, the industry employs more than 51,000 in our region.

In an attempt to better explain the history and look towards the future of the industry, bio tech in Oklahoma City has a new story feature at www.greateroklahomacity.com/biostory. The story focuses on Oklahoma City’s rising biotech industry. With a format intended to be easily shared with clients, coworkers and friends, the storytelling section of the Chamber’s economic development website combats the disconnect between Oklahoma City’s impressive growth and outdated perceptions about Oklahoma City’s culture. “Brilliant: Soaring Science from a Rising Bio Campus,” the second installment of the series, demonstrates how Oklahoma City’s pioneering spirit shows up in the futuristic achievements of the region’s biotech industry. From its foundations until today, the feature walks the reader through how synergy, discovery and sharing Oklahoma City’s bioscience industry with the world has made the region a frontier for achievement.

Each chapter of the story offers the chance to engage with more contextual content, with links to interviews with some of Oklahoma City’s brightest researchers, virtual tours of research space and more. Like all Chamber websites, this site is responsive and can be accessed on smartphones, tablets and computers, which means it will look great however you choose to read it. The story is also easy to share with friends, co-workers and contacts outside of the Oklahoma City area.

bioscience
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, June 20, 2017

The business of OKC biotech

Lab Scientist

Did you know biotech is one of OKC’s biggest industries and employment drivers? With more than $2.2 billion in compensation, supporting 51,000 employees and annual revenues of more than $6.7 billion, biotech is truly big business here in Oklahoma City. Companies and entities that comprise our city’s biotech sector run the gamut from pharmaceutical-related companies to research organizations and everything in between. Interested in working in this space? Good news, because opportunities abound and employment growth (23 percent since 2003) is expected to continue. Get more info at www.greateroklahomacity.com/industries/biotech/, and watch local media for stories on the Oklahoma BioScience Association and Oklahoma’s presence at the BIO International Convention this week.

bioscience, business, entrepreneur, tech
Posted by: Greater Oklahoma City Chamber
Comments (0)



Letís get together, yeah yeah yeah

Oklahoma Health Science Campus

Earlier this year, The Brookings Institution and the Project for Public Spaces released a comprehensive study on innovation in Oklahoma City. The study in OKC centered around the Oklahoma Health Center and Automobile Alley area downtown, looking at ways to create and maximize opportunities for the wealth of entities and innovative assets in the area to interact and “percolate,” ultimately creating new ideas and business opportunities. At 843 acres, the innovation district study area represents less than 1 percent of Oklahoma City, yet almost 18,000 jobs! Bringing people together, even in disparate industries like bio, energy and tech/app development, can only result in greater synergy and long-term benefits to all. Check out more on the results of the study, including video of the study release event, and recommendations for next steps over at okcinnovation.com.

Automobile Alley, bioscience, business, downtown, energy, Innovation District, jobs, tech
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, September 20, 2016

There is more than meets the eye in the OKC economy

OKC Skyline

While energy jobs are the first thing that pops into most people’s mind when talking about the Oklahoma City economy, most new residents (and even some longtime residents) are surprised to find out how big industries like aerospace, biotech and technology are in the metro. Ever wonder why Oklahoma City ranks so high as a place for job seekers? The growth and stability of these industries are definite contributors to our success.

Aerospace
With recent announcements of job growth from Boeing and Tinker Air Force Base, Oklahoma City’s aerospace industry is soaring, pun intended. Greater Oklahoma City’s aerospace industry represents more than 36,000 jobs at more than 230 public- and private-sector firms. The state of Oklahoma ranks 12th nationally in the number of aerospace engineers, fifth in aircraft mechanics and service technicians, and eighth in avionic technicians. Aerospace firms now produce $4.9 billion in goods and services locally, up from $4.3 billion as of 2011.

Biotechnology
With the Oklahoma Health Center just north of downtown, Oklahoma City has long been a hub of biotech research. In recent years, Oklahoma City’s own research institutions have made significant advances in the fields of Alzheimer’s disease, rheumatoid arthritis, and septicemia, to name a few. Firms in Greater Oklahoma City’s biotech sector boast annual revenues of more than $6.7 billion and employ more than 51,000 workers.

Technology and entrepreneurship
It is no secret that Oklahoma City’s pioneers, both in the past and present, have carried a spirit of entrepreneurship into their business and civic ventures. That spirit is very much alive today in Oklahoma City’s growing entrepreneurship community. From successful tech startups to the inventor’s workbench, OKC is a place where your ideas can get off the ground. (Looking for entrepreneurial resources? Visit www.greateroklahomacity.com [especially the EDIS and LBI tools] and www.i2e.org.). For more on the entrepreneur scene in Oklahoma City check out http://viewer.zmags.com/publication/35fc33e7#/35fc33e7/1.

Energy
Oklahoma City has long been considered a global oil capital, and with good reason. Oklahoma has a rich history of growing successful energy companies, and our state Capitol even has a working oil rig on its grounds. But a lot has changed since the early wildcatter days of Oklahoma’s past. Oklahoma energy companies work in petroleum, compressed natural gas, wind power and solar energy, and they use state-of-the-art technology. In fact, GE Research’s first industry-specific research center recently opened in Oklahoma City and will bring the most updated oil and gas technology to Oklahoma City’s energy companies. 

tech, aerospace, bioscience, employment, energy, entrepreneur, jobs
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, June 7, 2016

Advancing OKC

OMRF researcher

Did you know that ground-breaking discoveries are made right here in downtown OKC every day?
At the crossroads of Interstate 35 and Highway 77 and just blocks away from both the State Capitol and downtown’s Central Business District, Oklahoma City’s budding innovation district is helping diversify the city’s growing economy and bringing international notoriety.

OKC researchers are putting the city on the map as a front-runner for bioscience and biotechnology discovery not only in the U.S., but globally as well. In fact, students travel from across the globe for an opportunity to take part in the prestigious Visiting Research Graduate Traineeship Program at the Oklahoma Medical Research Foundation (OMRF).

Why is this important, you may ask? These world-class researchers have partnerships with some of the most well renowned universities in the country and could conduct their research anywhere, yet they choose to be in OKC. That is pretty cool, if you ask us.

Curious about what is happening in your city? We bet you didn’t know that all of this was happening right here in your back yard.

bioscience, business, Innovation District
Posted by: Greater Oklahoma City Chamber
Comments (0)



Return on investment

Oklahoma Health Science Center Campus

The expansion of the bioscience and biotechnology industry is paying big dividends throughout all of Oklahoma, contributing more than $6.7 billion in economic activity and supporting more than 51,000 jobs. That’s a lot of moolah, if you ask us.

The 27-acre, $100 million University Research Park, part of the Oklahoma Health Center complex, is home to 37 science-based companies including Oklahoma Medical Research Foundation, Accele Biopharma, ARL - Analytical Research Laboratories, Moleculera Labs, Cytovance Biologics, Oklahoma Blood Institute, COARE Biotechnology and Dean McGee Eye Institute just to name a few.

This area is also home to i2E (Innovation to Enterprise) which focuses on helping small start-up businesses thrive in Oklahoma.

Additions in the community will include the 95,000 square-feet GE Global Research Center, which will open its doors in the coming months. The project will add 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies.

The benefits in this growing community will not only have an immediate impact on today’s workforce, but also on future generations. The GE Foundation has pledged resources to help ensure that Oklahoma students are prepared for the growing demand of high-tech jobs through the introduction of STEM Empowers OK – a statewide initiative to engage and inspire greater interest among high school students in science, technology, engineering and mathematics.

It’s an exciting time to be in OKC for sure. The advancements in these areas are sure to have a lasting impact for years to come.

bioscience, business, Innovation District, tech
Posted by: Greater Oklahoma City Chamber
Comments (0)



Growing a stronger community

Each June a delegation from across Oklahoma travel to the annual BIO International Convention. In fact, many of OKC’s top minds are in San Francisco as you are reading this. Why are they half way across the country, you may wonder? They are networking and spreading the great news about OKC’s thriving bioscience community. In 2015, Oklahoma biotech companies, research institutions, universities and other organizations held 150 meetings with potential partners, investors, employees and more at the OKBio booth. Collaborative efforts like these help lead to long-term success for our companies and organizations, and that helps make for a healthy economy. To learn more about bio in OK, check out www.okbio.org.

bioscience, business, tech
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, September 15, 2015

Variety is the spice of OKCís economy

Tinker Air Force Base

Oklahoma City has a robust job market with several strong industries, all of which contribute to the area’s low unemployment rate. Ever wonder why Oklahoma City ranks so high as a place for job seekers? The growth and stability of these industries are definite contributors to our success.

Aerospace
With recent announcements of job growth from Boeing and Tinker Air Force Base, Oklahoma City’s aerospace industry is soaring, pun intended. Greater Oklahoma City’s aerospace industry represents more than 38,000 jobs at more than 300 public- and private-sector firms. The state of Oklahoma ranks 12th nationally in the number of aerospace engineers, fifth in aircraft mechanics and service technicians, and eighth in avionic technicians.

Biotechnology
With the Oklahoma Health Center just north of downtown, Oklahoma City has long been a hub of biotech research. In recent years, Oklahoma City’s own research institutions have made significant advances in the fields of Alzheimer’s disease, rheumatoid arthritis, and septicemia, to name a few. Firms in Greater Oklahoma City’s biotech sector boast annual revenues of more than $4.1 billion and employ more than 27,800 workers.

Energy
Oklahoma City has long been considered a global oil capital, and with good reason. Oklahoma has a rich history of growing successful energy companies, and our state Capitol even has a working oil rig on its grounds. But a lot has changed since the early wildcatter days of Oklahoma’s past. Oklahoma energy companies work in petroleum, compressed natural gas, wind power and solar energy, and they use state-of-the-art technology. In fact, GE Research’s first industry-specific research center is being constructed in Oklahoma City and will bring the most updated oil and gas technology to Oklahoma City’s energy companies.  

Technology and entrepreneurship
It is no secret that Oklahoma City’s pioneers, both in the past and present, have carried a spirit of entrepreneurship into their business and civic ventures. That spirit is very much alive today in Oklahoma City’s growing entrepreneurship community. From successful tech startups to the inventor’s workbench, OKC is a place where your ideas can get off the ground. (Looking for entrepreneurial resources? Visit www.growinokc.com, www.greateroklahomacity.com [especially the EDIS and LBI tools] and www.i2e.org.). For more on the entrepreneur scene in Oklahoma City check out www.velocityokc.com.

aerospace, bioscience, energy, entrepreneur, jobs, tech
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, March 10, 2015

Turning Innovation into Enterprise: i2E

One of our good friends and partners in growing OKC’s tech / biotech / entrepreneurial industries is i2E. i2E is a nonprofit that’s “focused on growing innovative small businesses in Oklahoma and making a positive impact on the state’s economy.” In addition to collaborating with Oklahoma’s universities to commercialize technologies and programs like the Governor’s Cup Collegiate Business Plan competition, which helps students turn business ideas into cash and actual businesses, i2e also helps fledgling (or even serial) entrepreneurs, inventors, researchers and more get their projects on the road to growth and profitability – helping develop Oklahoma’s homegrown entrepreneurism into successes that ultimately employ more and more Oklahomans. And that’s good for all of us! To learn more about i2E, check out its website and attend one of its great events like the BioSummit, Brewfest, Who Wants to Be an Entrepreneur Workshop and more!

bioscience, business, entrepreneur, tech
Posted by: Greater Oklahoma City Chamber
Comments (0)



Bio Boom

You may not realize it, but biotech is big business in OKC. In fact, companies in the bio industry in Greater OKC cumulatively sport annual revenues of more than $4.1 billion and employ more than 27,800 workers with total compensation of $1.5 billion (yep, those are Bs, people). Those big numbers are just some of the reasons the OKC Chamber partners with the Oklahoma Bioscience Association (also known as “OKBio”) to promote Oklahoma at the BIO International Convention every year. Last year, Oklahoma biotech companies, research institutions, universities and other organizations held 150 meetings with potential partners, investors, employees and more at our booth. We had so many meetings, in fact, that we decided to add another meeting room this year, for a total of four! Collaborative efforts like these help lead to long-term success for our companies and organizations, and that helps make for a healthy economy as well as healthy people. To learn more about Bio in OK, check out www.okbio.org.

bioscience
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, November 4, 2014

The Science of Brewing

Beer and science. At first glance, those are two words that don’t seem to go together. But leave it to the fine folks at OKBio to find a way to merge the two. When you think about it, brewing is really all about science: it’s just chemical reactions.

At this point you are probably wondering what this rambling is all about (no we haven’t enjoyed a beer or three while writing this). This is all about the 3rd annual Brewfest this Thursday from 5 to 7 p.m. at the Chickasaw Bricktown Ballpark. You can learn all about the science of brewing beer by sampling more than 15 local breweries for just $25. If that wasn’t enough to sell you then you also get a free mug, t-shirt and live entertainment from Oklahoma’s own Hosty Duo.

Not big on adult beverages? No sweat, you won’t be left out. You can enjoy the Designated Driver deal for just $15. All the fun, all the free swag, but with non-alcoholic drinks.

So see you Thursday as we sample local breweries (or not), listen to some great music and hang out with some interesting scientists and entrepreneurs.

beer, bioscience
Posted by: Greater Oklahoma City Chamber
Comments (0)



Tuesday, June 17, 2014

Oklahoma on the Cutting Edge

While June is a time for outdoor shenanigans in Oklahoma, it is also an important month for one of Oklahoma City’s fast growing industries, biosciences. Each June a delegation of around 80 people representing the industry in Oklahoma travel to the annual BIO International Convention. The purpose of this trip is to network and spread the gospel of the bioscience industry in our region.

The bioscience sector in Greater Oklahoma City is an underrated aspect of the region’s outstanding economic success. It’s estimated bioscience employment contributes $4.1 billion to our economy and employs more than 27,800 workers. In fact, the sector accounts for more than six percent of the total employment in our region.

Not only are the numbers staggering, but these companies are on the front lines of developing medicines and technologies that save countless lives. You can learn more about this exciting field at the OKBio website.

bioscience, Oklahoma
Posted by: Greater Oklahoma City Chamber
Comments (0)