Oklahoma has been ranked in the top 10 most competitive state for manufacturing and it has state leaders excited about what it means for the state’s ability to attract new industries.
The ranking was made by Site Selection Group, a full-service location advisory, economic incentives and real estate services firm.
“I am happy to see Oklahoma recognized for the competitive advantage it brings to manufacturing operations – something the state’s 4,200 manufacturers already realize,” said Oklahoma Governor Kevin Stitt. “We have long touted Oklahoma as a top 10 state, but this recognition helps us share our story and potential with companies that are looking at expanding or relocating their operations.”
Based on data gathered in the following categories, Oklahoma was ranked the No. 10 most cost competitive state for manufacturing:
- Operating costs (30%)
- Target skill sets (25%)
- Labor demand (20%)
- Organized labor (10%)
- Accessibility (10%)
- Labor scalability (5%)
“Oklahoma’s central location and multi-modal transportation system ensure supplies get in and products reach customers, all at lower costs,” said Brent Kisling, Executive Director, Oklahoma Department of Commerce. “Our incentive programs, low taxes and utility rates and cost of doing business mean manufacturing operations can improve their bottom line by operating in Oklahoma.”
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Source: OK Commerce Department