A Look Ahead At 2014 And Lessons From 2013 Greater OKC Chamber

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1 A Look Ahead At 2014 And Lessons From 2013 Greater OKC Chamber One of the nation s largest chambers! More than 5,000 Members American Chamber of Commerce Executives Best of Show in 2012 Consistently rated Top 10 Chamber CREC February 20, 2014

2 GREATER OKLAHOMA CITY ECONOMIC FORECAST & DATA TOOLS

3 700 OKC MSA Nonfarm and Private Employment 3% % 2.6% 2.3% 2% MSA Employment, Thousands % 0% -1% -2% -3% Annual Percent Change Percent Change, YOY OKC Nonfarm OKC Private -4%

4 25 OKC MSA Mining Employment 25% % Mining Employment, Thousands % 2.2% 0.5% 15% 10% 5% 0% -5% -10% Anuual Percent Change -15% % Percent Change, YOY OKC Mining Employment

5 Manufacturing Employment, Thousands OKC MSA Manufacturing Employment 2.5% 2.6% 1.8% - 4.6% % 10% 5% 0% -5% -10% -15% Annual Percent Change Percent Change, YOY OKC Manufacturing Employment

6 90 OKC MSA Professional and Business Employment 6.0% PBS Employment, Thousands % 3.6% 3.1% % 2.0% 0.0% - 2.0% - 4.0% - 6.0% - 8.0% Annual Percent Change Percent Change, YOY OKC Professional and Business Employment

7 OKC MSA Trade, Transport, & Utilities Employment % 5% OKC TTU Employment, Thousands % 3.4% 4% 3% 2% 1% 0% -1% -2% -3% Annual Percent Change % Percent Change, YOY OKC Trade, Transport & Utilties

8 60,000 OKC MSA Per Capita Personal Income 15% Per Capita Personal Income ($) 50,000 40,000 30,000 20,000 10, % 4.0% 10% 5% 0% -5% Annual Growth, % % Annual Growth OKC Per Capita Personal Income

9 1,600,000 OKC MSA Population 5% 1,400,000 4% MSA Population 1,200,000 1,000, , , , , % 1.6% 3% 2% 1% 0% -1% Annual Growth, % % Annual Growth OKC MSA Population

10 900 Non- Farm Employment: OKC & Austin 10% 800 8% NF Employment, Thousands OKC + 28,200 Austin + 230,200 6% 4% 2% 0% - 2% - 4% 0 Jan-91 Sep-91 May-92 Jan-93 Sep-93 May-94 Jan-95 Sep-95 May-96 Jan-97 Sep-97 May-98 Jan-99 Sep-99 May-00 Jan-01 Sep-01 May-02 Jan-03 Sep-03 May-04 Jan-05 Sep-05 May-06 Jan-07 Sep-07 May-08 Jan-09 Sep-09 May-10 Jan-11 Sep-11-6% OKC YOY % Change AUS YOY % Change OKC NF EMP AUS NF EMP

11 OESC Employer Locator 193,000 business records with contact info for Oklahoma companies

12 OKCEDIS.com

13 OKC Local Business Intelligence Tool OKCLBI Compare your business to the compe??on By industry, city, county, metro, state and na?on

14 Research Tools 2014 Economic Forecast available at: OESC Employer Locator (business list) hup:// Commercial Property Locator Local Business Intelligence Tool

15 GREATER OKLAHOMA CITY 2013 RESULTS AND PIPELINE ACTIVITY

16 Forward OKC IV Results 2013 Actuals 2013 Goals Campaign Actuals 5- Year Goals** Jobs 6,561 4,000 5,000 15,110 20,000 25,000 Average Salary*** $43,533 $45, $47,430 $54,736 $45,453 - $47,430 Capital Investment $501,709,800 $180M - $200M $1,297,219,330 $900M - $1Billion Local Tax Revenue* $13,058,477 $10M - $11M $33,736,788 $50M - $55M

17 January 2014 Project Pipeline 13,625 jobs $399 million payroll 28 Ac?ve Projects $555 million capital investment 3.6 million Sq. Ft. *Note: Not all projects provide the key pieces of information listed above.

18 Behind the Pipeline Numbers Of 28 Projects. 18 seeking less than 500 jobs, 2 more than 1,000 jobs Industry/Func^on: Avia^on 3 Call/Shared Services 2 Distribu^on 2 Manufacturing 13 Office 2 Other 1 Six provided specific acreage needs, 4-70 acres 19 provided square footage at this stage, 5K to 1 mm Eight require less than 100K

19 2013 Projects Total Projetcs

20 2013 Jobs 20,000 16,000 12,000 8,000 4,000 0 *Note: Not all projects provide the key pieces of information listed above.

21 2013 Total Annual Payroll $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 *Note: Not all projects provide the key pieces of information listed above.

22 2013 Project Investments $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 *Note: Not all projects provide the key pieces of information listed above.

23 2013 Total Sq. Footage 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 0 *Note: Not all projects provide the key pieces of information listed above.

24 Retail Efforts: Results and Impacts More than 40 site visits in OKC in 2013 OKC con^nues to be on the radar of retailers recognizing OKC s poten^al Moving from Top of Low Priority List to Top of List for Snapshot of Announcements in 2013 (All First Oklahoma Loca^ons) Nordstrom Rack Top Golf Von Maur Microsok Development and Redevelopment Opportuni^es Underway

25 Key Opportunity: Underserved Markets Why focus on these areas? Tradi^onal market data and analysis may be inaccurate or misrepresent the economic poten^al and purchasing power Seeking to establish a healthier retail presence through public- private partnerships in underes^mated, primarily urban inner city markets Bring OKC prosperity to more por^ons of the City over ^me

26 Highligh^ng Underserved Markets Held Program on Poten^al of Underserved Markets Partnered with Interna^onal Council of Shopping Centers (ICSC), City of OKC, Alliance for Economic Development, Urban Land Ins^tute (ULI) & Black Chamber Follow- up Underway with key interest groups Community (residents, community based organiza^ons) Government (elected officials and professional staff) Developers Retailers Working with exis^ng retailer, Alliance and City on a site in NE OKC to increase store footprint size and add further development Con^nue dialogue with retailers and developers about various underserved sites in OKC

27 Project Golden Fox Interna^onal company seeking new North American manufacturing loca^on Investment: $800 MM, 750 employees (avg. wage $53K+) Need: 160 acre site Outcome: OKC region dropped Challenge: had only one site that was poten^ally a fit really. School Lands site, requiring public bid process and had challenges on site too (easements, etc.)

28 Project Domino Petro Chemical plant Investment: $550 MM, 80 employees (avg. wage $76K+) Need: 60 acre site, rail served and 2 million gallons of water/ day plus lots of natural gas (60,000 MMBtu/day) Outcome: OKC region dropped Challenge: water requirement just not workable AND would have been largest natural gas user in state

29 Project Lewis & Clark Fulfillment Center/distribu^on Investment: employees Need: ,000 sf building with 32 foot clear height and very ^ght ^meframe (needed opera^onal in 12 months) Outcome: OKC region dropped Challenge: no exis^ng buildings; only built to suit op^ons. Company was too nervous to have it work in their ^meframe

30 Project Delta Shared Service center (HR/IT/Finance) Investment: 1,100 employees (avg. wage $39K+) Need: Exis^ng 100,000 sf building Outcome: OKC region dropped in finals, Nashville chosen Challenge: two poten^al buildings. one was downtown, second refiued industrial building. Parking issues downtown and other challenges at second facility. Nashville, more op^ons for real estate, same ^me zone as HQ

31 Poten^al Take- Aways Challenges of Success are evident across most of MSA/region Lack of product straining ability to capture some opportuni^es Lease rate expecta^ons and reali^es geung closer but not completely there yet Pressure by other uses on good places for employment opportuni^es con^nues to create challenges Need to determine ways to balance lessons learned in 1980s with expecta^ons/ interests of today s prospects Staying financially wise while crea^ng enough product

32 THANK YOU Eric Long Research Economist Kurt Foreman EVP Economic Development (405)

Transitions: 2019 Economic Forecast for Metro Denver February 6, 2019

Transitions: 2019 Economic Forecast for Metro Denver February 6, 2019 Prepared by: Can Stock Photo / jkirsh In Partnership with: Consumer Changes and Influences Slowing population growth Aging of the population