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FOR IMMEDIATE RELEASE
May 25, 2016
Investment in Oklahoma on the Rise by New, Expanding Businesses
OKLAHOMA CITY – Governor Mary Fallin today said businesses
already have invested more money in Oklahoma than they did last year.
The Oklahoma Department of Commerce reports new investment
in the state through almost 11 months of fiscal year 2016 is up more than 19
percent ($386 million) over the new investment for all of the 2015 fiscal year.
To date, more than $2.38 billion in new investment has been
projected by companies with plans to expand in or relocate to the state.
“This new investment represents 35 companies making commitments
in our state. Not only will the investment dollars pour money into our economy,
but it will provide approximately 3,900 new jobs in the long term – not to
mention short-term construction jobs,” said Fallin. “The increase we’re seeing
shows that Oklahoma’s business environment remains strong and is appealing to
companies in varying industries.”
The planned new investment represents business decisions in 17
Oklahoma counties and multiple industries, including aerospace and defense, agriculture
and biosciences, energy, information and financial services, and transportation
and distribution.
“We are seeing a diverse range of industries and companies
choosing to make investments in Oklahoma,” said Deby Snodgrass, secretary of
Commerce and Tourism. “Even as our state faces a difficult downturn in the
energy sector, other industries are seeing job growth and investment. As we
work to continue to diversify the state’s economy, the economic development
team at the Oklahoma Department of Commerce is looking for ways to increase
growth of our key industries.”
The fiscal year 2015 saw $1.991 billion in investment by 87
companies. The fiscal year 2016 will end June 30.
For more information, visit www.okcommerce.gov/data or contact
Leslie Blair, public information officer for the Oklahoma Department of Commerce,
at leslie.blair@okcommerce.gov
or (405) 815-5241.
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Web: www.governor.ok.gov
Facebook: www.facebook.com/GovernorMaryFallin
Twitter: www.twitter.com/GovMaryFallin
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