Project Updates & Events Economic Development Briefs Treasurer s Monthly Report Calendar Commerce/Workforce News

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November 2018 President s Update Important Dates New Members Recent Roundtable Events Project Updates & Events Economic Development Briefs Treasurer s Monthly Report Calendar Commerce/Workforce News

for us to come together to work with our elected officials to support the Roundtable s mission of Business Leadership Advancing Oklahoma s Economy.

In 1991, the Roundtable became incorporated as a 501(c)(6) nonprofit, nonpartisan corporation with 7 charter members. In the first few months of operation, the number of charter members grew to 24.

1 November 2018 President s Update Important Dates New Members Recent Roundtable Events Project Updates & Events Economic Development Briefs Treasurer s Monthly Report Calendar Commerce/Workforce News American Fidelity AT&T Bank of America Bank of Oklahoma Blue Cross Blue Shield of OK President s Update With the election of the 28th Governor of the Great State of Oklahoma, Kevin Stitt, it is time for us to come together to work with our elected officials to support the Roundtable s mission of Business Leadership Advancing Oklahoma s Economy. We are thankful for the approximately 150 businesses and organizations that are members of the Roundtable. In 1991, the Roundtable became incorporated as a 501(c)(6) nonprofit, nonpartisan corporation with 7 charter members. In the first few months of operation, the number of charter members grew to 24. Members today who were founders are: Crowe & Dunlevy Greater OKC Chamber of Commerce Hitachi Computer Products OGE Energy Corp. ONEOK Public Service Company of Oklahoma State Chamber of Oklahoma Tulsa Regional Chamber In addition to these long-term supporters, the following have been Roundtable members for 20 years or more: AAON, Inc. Ackerman McQueen American Airlines Arvest Bank The Boeing Company Chesapeake Energy Cox Communications Dobson Partnership FSB Helmerich & Payne Jordan Advertising Journal Record Publishing Love s Travel Stops & Country Stores MidAmerica Industrial Park MTM Recognition OK Finance Authorities Oklahoma State University Phillips 66 Presbyterian Health Foundation University of Central OK OU Medical Center OU Price School of Business We are thankful for all of our dedicated members. For a complete list of Roundtable members, go to our website, 1

In real dollars, the 2017 Oklahoma s GDP (adjusted for inflation using value of 2017 dollar) was $189.16 billion and, in 1991, the GDP was $107.32 billion.

2 In real dollars, the 2017 Oklahoma s GDP (adjusted for inflation using value of 2017 dollar) was $ billion and, in 1991, the GDP was $ billion. In real dollars, Oklahoma s economy is 76% larger now than in Roundtable members have contributed towards this effort through their annual membership fees. In turn, these funds have been leveraged by public and other private funds to increase the return on investment. Thank you for your support of the Roundtable. I look forward to seeing all of you at the Roundtable Executive Briefing on February 20, 2019, to be held at the Oklahoma History Center. Details are listed later in this newsletter. Working together we will continue to enhance economic growth in our great state. Sincerely, Ann Ackerman, President & CEO Roundtable Executive Briefing Wednesday, February 20, 2019 Oklahoma History Center, Oklahoma City 4:00-5:00 p.m. Executive Briefing 5:00-6:00 p.m. Networking Reception Important Dates Keynote speaker is Joseph Brusuelas, Chief Economist for RSM US LLP in New York. Brusuelas has over 20 years of experience in finance and economics and specializes in analyzing the U.S. monetary policy, labor markets, fiscal policy, economic indicators and the condition of the U.S. consumer. Prior to RSM, Joe held top positions at Bloomberg, LP Moody's Analytics, Merk Investments L.L.C. and IDEAglobal. He regularly appears on Bloomberg Television, Bloomberg Radio and is frequently quoted by the financial press on the U.S. and global economies. Roundtable Membership Meeting Wednesday, June 12, 2019 Southern Hills Country Club, Tulsa 4:30-6:00 p.m. Membership Meeting 6:00-7:00 p.m. Networking Reception The Roundtable welcomes the following companies as new members: Bar-S Foods, Altus, Clinton, Elk City, Lawton, Seminole - Warren Panico Gulfport Energy Corporation, Oklahoma City - Donnie Moore Michelin North America, Ardmore - Cheryl Ann Carlan Standley Systems, Chickasha - Greg Elliott New Members 2

Recent Roundtable Events Byrnes Speaks at Membership Meeting Brian Byrnes, Senior Vice President of Sales and Marketing for the Oklahoma City Thunder, was the keynote speaker at the fall meeting on

3 Recent Roundtable Events Byrnes Speaks at Membership Meeting Brian Byrnes, Senior Vice President of Sales and Marketing for the Oklahoma City Thunder, was the keynote speaker at the fall meeting on October 2 nd, held at the Oklahoma History Center in Oklahoma City. Brian provided an overview of the significant economic impact the Thunder organization has had throughout its first ten years and thanked the many Roundtable/Thunder corporate supporters for their participation. Byrnes said the Thunder continues to rank as one of the most popular NBA franchises in the nation, with over 15 million social media followers and is ranked at the top for best game experience. It is now broadcast in over 200 countries and positively markets Oklahoma globally. Throughout Oklahoma, the Thunder is establishing new community outdoor basketball courts (now numbering 22) to provide an inspiring place for kids to play, stay active and make healthy choices both on and off the court. The Thunder also supports over 200 player events annually, is active in STEM and literacy programs and has begun a new statewide business start-up effort, the Thunder Launchpad. Brian Byrnes Oklahoma City Thunder Governor Fallin and Commerce Secretary Snodgrass gave updates on the state s economy, current business development activities and a review of statewide economic development successes over the past 8 years. Commerce/Workforce News Business Development on Upswing First quarter 2019 business announcements (July 1-September 3) were strong. Oklahoma Department of Commerce recorded 23 business announcements, a 29% increase over last year. At the recent October 2 nd Roundtable Membership meeting, state leaders provided a statistical report highlighting business expansion and new location successes for FY2018 (ending June 30, 2018.) The report only included statewide projects in which the Commerce Department was involved. Combined, the total operational impact of projects won by the Commerce Department in FY 18: Will generate 23,059 jobs with payroll of $921.7 million annually. Will contribute $1.848 billion per year to the state s GDP. The projects will generate $63.13 million in state tax collections and $45 million in sales and property tax collections for county and local governments. In the past ten years, the Commerce Department has worked with 592 business projects in 97 Oklahoma communities totaling over 70,000 new jobs and $61 billion in investment. Total manufacturing output in Oklahoma for 2017 was $16.94 billion with 4,264 manufacturing companies. 3

4 Selected New Statewide Location/Expansion Announcements Name Location Jobs/Investment Alorica Tulsa 300 jobs Aviagen, Inc. Sallisaw 45 jobs Booz Allen Statewide 240 jobs/$165 Million Enlink Mid-stream Oklahoma City $40 Million Global Payments Oklahoma City 600/$50 Million Rural Sourcing, Inc. Oklahoma City 150 jobs Valkyrie Systems Aerospace Oklahoma City 352 jobs Whirlpool Tulsa 150 Jobs/$55 Million Other expansion announcements from across the state included: Attis Industries, Tulsa; ISS, Norman; Keyera, Cushing; Aviagen, Sallisaw; Kingfisher Mid-Stream/Blueknight, Kingfisher; Meta Special Aerospace, Oklahoma City. Commerce Workshop to Highlight Community Economic Development Programs and Tools Oklahoma community leaders and economic development professionals are invited to a special Connect conference and workshop sponsored by the Oklahoma Department of Commerce on December 4 from 9:00 a.m. - 4:30 p.m. at Moore-Norman Technology Center in Oklahoma City. The conference will provide an update on key tools for addressing challenges and opportunities in the state. Topics include: cultural planning in rural communities, tax increment financing (TIF), new federal opportunity zones, grants and services from the Oklahoma Department of Commerce, business location, Oklahoma Main Street, Census 2020 update and more. To register visit: Oklahoma Work-Based Learning Program Underway Oklahoma s work-based learning program seeks to assist employers with creating work-based learning opportunities, such as internships and apprenticeships, and connect them with job-seekers. By creating such opportunities, employers are able to develop workforce solutions that meet their specific needs, test drive talent and build their own talent pipeline. As a registered work-based learning employer, you will receive technical assistance from the Oklahoma Works/Oklahoma Office of Workforce Development to create quality, rigorous work-based learning programs. You will also have access to a competitive applicant pool and industry-developed standards for workbased learning in particular occupations. In April 2018, Governor, Mary Fallin signed Senate Bill 1171 which established the work-based learning program. The bill appropriates $850,000 annually to fund a work-based learning program. The money comes from revolving funds from the Office of the Secretary of State. The goal of the state s Earn and Learn Oklahoma program is to increase the number of registered apprenticeships and internships in the state to 20,000 per year by For more information on work-based learning in Oklahoma, visit 4

Manufacturing Networking Events Continue Throughout Oklahoma With Roundtable support, the successful Manufacturing Networking luncheon series is continuing throughout the state.

To increase awareness of manufacturing assets in the specified region Project Updates & Events 2.

5 Manufacturing Networking Events Continue Throughout Oklahoma With Roundtable support, the successful Manufacturing Networking luncheon series is continuing throughout the state. The events help bring Oklahoma manufacturers together in a series of working luncheons to connect, learn and potentially do business with one another. The stated goals are two-fold: 1. To increase awareness of manufacturing assets in the specified region Project Updates & Events 2. To give interactions between industries that may not have occurred otherwise for the purpose of creating new business and sales Coordinated by the Oklahoma Manufacturers Alliance, a special manufacturers networking luncheon was held in Claremore on September 19th with 40 companies in attendance. Future events are scheduled for Enid (February 7), Oklahoma City (March 7), Muskogee (March 28), Ardmore (April 4) and Tulsa (May 8). Regional Federal Lab Consortium Meeting/Greater OKC Chamber The Mid-Continent and Far West Regions of the Federal Laboratory Consortium for Technology Transfer held their first-ever annual meeting in Oklahoma in August. Technology transfer representatives from over 30 of our nation's federal labs were in attendance at the conference held in Oklahoma City. Keynote speaker was Dr. Kelvin Droegemeier of the University of Oklahoma, who is nominee for director of the White House Office of Science & Technology Policy. The event provided an opportunity to showcase Oklahoma technology and connected some of our tech hungry entrepreneurs, companies, and research institutions directly with the labs. Major hosts were the Greater Oklahoma City Chamber, OCAST, Innovation District, Presbyterian Health Foundation, Dunlap Codding and the Roundtable. Dr. Kelvin Droegemeier Unmanned Aerial Systems (UAS) Tech Forum/Broken Arrow Chamber Over 200 attendees participated in the Unmanned Aerial Systems (UAS) Tech Forum held in Broken Arrow in September with the help of Roundtable funds. Regarded as the anchor event for the Unmanned Aerial Systems Cluster Initiative of Oklahoma and Kansas (UASCI), the Tech Forum attracted a wide array of public and private sector leaders and company representatives. About 50 UAS companies are now located in Oklahoma. According to a study by McKinsey & Co., a global management consulting firm, the value of drone activity grew from $40 million in 2012 to about $1 billion in It is estimated that by 2026 commercial drones, both corporate and consumer applications, will have an annual impact of $31 billion to $46 billion on the country s GNP. 5

International Oklahoma Entrepreneur Mentor Program Training A unique business assistance program is now underway using the MIT-based approach to match Oklahoma mentors (business executives,

The program uses a team mentoring approach with groups of three to five mentors who sit with the entrepreneur in sessions providing practical, professional advice and coaching.

6 International Oklahoma Entrepreneur Mentor Program Training A unique business assistance program is now underway using the MIT-based approach to match Oklahoma mentors (business executives, entrepreneurs) with early start-up companies. The program uses a team mentoring approach with groups of three to five mentors who sit with the entrepreneur in sessions providing practical, professional advice and coaching. Kent Summers of the MIT Venture Mentoring Service conducted the first series for 20 mentors in mid- October. The Roundtable is a sponsor of the Oklahoma Entrepreneur Mentor Training Program. OKC Mayor David Holt and Tulsa Mayor GT Bynum in Tulsa Thunder LaunchPad The Thunder Launchpad is an accelerator program, partially funded by a Roundtable grant, which helps connect technology driven entrepreneurs with the resources they need to launch and grow a business in Oklahoma. They focus on recruiting technology Founders whose product or services have the potential to disrupt traditional industries in Oklahoma - Agriculture, Financial Services, Health, Education, Energy and Government, plus help introduce Oklahoma start-ups to the larger out of state investment community. Funds are used to sponsor a total of 20 Oklahoma startups (Founders) for a period of one year. Tulsa Mayor G.T. Bynum and Oklahoma City Mayor David Holt recently participated in a special entrepreneurial innovation forum in Tulsa hosted by the Thunder Launchpad. The event was an opportunity for sharing information between the two cities on key programs now in place to help technology-driven startups succeed. Eight more startups launched in Oklahoma this month, making a total of 18 since the Thunder Launchpad was formed earlier this year. Firms represent a diverse set of industries from energy and internet to urban farming and asset management. New start-up companies include: Amplifan, a fan engagement and brand promotion platform Estate Clarity, a collaborative asset management platform From Seed to Spoon, makes growing food easy through its app Juice Power, customized portable battery solutions Overworld, the world s first drag and drop AR platform Paelode, eliminates oilfield water management expenses by up to 75% Thing Commander, turns video into data. No cloud required Rabble On, makes it easy to search, review, book and enjoy events The LaunchPad s latest companies. 6

Economic Development Briefs The annual 2018 Top State Business Climate survey by Site Selection Magazine ranks Oklahoma 15 th in the nation, up two positions from 2017.

7 Economic Development Briefs The annual 2018 Top State Business Climate survey by Site Selection Magazine ranks Oklahoma 15 th in the nation, up two positions from The ranking is based on competitiveness, business taxes, number of facility locations and a survey of national corporate executives. The top five states (in order) were Georgia, North Carolina, Texas, Ohio and South Carolina. Whirlpool, Tulsa, has announced a $55 million expansion and 150 new jobs. Oklahoma companies participating in the recent Farnborough Air Show indicate $770,000 in new sales and $17.7 million in potential future sales, according to the Commerce Department Oklahoma s Complete College America degree completion initiative continues to show progress. The number of degrees and certificates earned in Oklahoma has increased by 8,912, surpassing the state benchmark of 8,500. The goal is to increase the number of degrees and certificates earned in Oklahoma by 67 percent by 2023 to meet our state's workforce needs and keep Oklahoma competitive in a global economy. Recent Accolades: American Fidelity has been named one of the Best Workplaces for Women by Fortune Magazine; The International Economic Development Council (IEDC) honored the Tulsa Regional Chamber with its Gold Excellence in Economic Development Award; Paycom is ranked 5th on Fortune s 100 Fastest Growing Companies list of domestic and foreign companies; Oklahoma City has received the national America s Most Livable Community Award, presented by Partners for Livable Communities, a Washington-based nonprofit. In September, Moody s Investor Services has announced it revised Oklahoma s bond rating outlook from negative to stable. Moody s said the stable outlook for Oklahoma reflects an expectation of modest economic growth, despite continued reliance on the oil and gas sector, and the stabilization of the state s finances driven by recent growth. The 9,000 acre MidAmerica Industrial Park, located between Pryor and Choteau, recently broke ground on a new multi-use development called The District, combining retailers, housing and public recreation areas. Gathering Place Park officially opened in Tulsa on September 8 transforming the city s riverfront into a world-class destination offering a free public space for all to enjoy. At $465 million, Gathering Place represents the largest private gift to a public park in U.S. history. Gifted to the River Parks Authority by the George Kaiser Family Foundation, numerous corporate and community philanthropists have contributed generously to support the park. Treasurer s Monthly Report Click here to read State Treasurer Ken Miller s latest Economic Report. 7

Calendar December 4, 2018 January 17, 2019 February 7, 2019 February 20, 2019 March 7, 2019 March 28, 2019 April 4, 2019 May 4-8, 2019 May 8, 2019 June 12, 2019 June 17-23, 2019 Oklahoma Department

8 Calendar December 4, 2018 January 17, 2019 February 7, 2019 February 20, 2019 March 7, 2019 March 28, 2019 April 4, 2019 May 4-8, 2019 May 8, 2019 June 12, 2019 June 17-23, 2019 Oklahoma Department of Commerce Statewide Rural Development Connect Conference and Workshop Moore-Norman Technology Center, Oklahoma City Governor s Marketing Team - National Site Consultant Reception Hotel ZaZa, Dallas Enid Oklahoma Business Roundtable Executive Briefing Oklahoma History Center, Chesapeake Room, Oklahoma City, 4:00 p.m. Oklahoma City Muskogee Ardmore International Asset Management Association (Site Selection) Santa Barbara, California Tulsa Oklahoma Business Roundtable Annual Membership Meeting Southern Hills Country Club, Tulsa, 4:30 p.m. Paris Air Show (Business Expansion Recruiting) Paris, France obr@okbusinessroundtable.org 8

Oklahoma Business Roundtable Newsletter. A Message from President Carl Edwards

Oklahoma Business Roundtable Newsletter September 2013 A Message from President Carl Edwards The Oklahoma Business Roundtable s fall membership meeting will be held October 15 at 4:30 p.m. at the Governor