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Economic Development  

Economic Role of Oklahoma's Public Colleges and Universities
According to a 2019 report from the State Chamber Research Foundation, Oklahoma’s higher education system supported $8.21 billion in total economic output in FY 2016. These effects can be partitioned into direct, indirect and induced spillover effects. The state higher education system generated $9.40 in economic output for each dollar of revenue from state appropriations. In addition, state residents who completed some college or earned an associate degree reported median annual earnings that are 17% higher than high school completers in 2016. Residents with a bachelor’s degree reported median earnings 60% higher than high school graduates. The report concludes that forecasts suggest the rate of growth in employment in the next decade will be significantly higher for those with the highest levels of education.

2019 Economic Impact Study (RegionTrack Report) (external PDF)
Oklahoma's higher education system is committed to growing Oklahoma businesses as well as recruiting companies to the state. To facilitate the connection between businesses and higher education institutions, the State Regents launched, an online searchable database of business resources available at Oklahoma's colleges and universities. This database is a handy informational tool that is both simple to use and thorough, with services ranging from tools to help people start a business or expand their customer base to customized corporate training programs. Customers can search for a particular service by type of service, by city and proximity to a city, and by institution and region of the state. Ideally, search results will direct them to the colleges or universities with the business resources that fit their need.

Individuals wanting to start a business, businesses needing a particular service, and economic developers searching for the perfect location are the targeted customers for the database. After selecting all the desired criteria and running the search, the results are shown on the screen and are available in two additional formats – a grid and exportable Excel spreadsheet. The database is provided by the State Regents as a mechanism to locate the available business support services at the various colleges and universities in the Oklahoma State System of Higher Education.

Business Recruitment
The Workforce and Economic Development (WED) Division of the State Regents provides project assistance to the Business Location Division of the Oklahoma Department of Commerce, which is responsible for recruiting companies considering relocation or expansion to Oklahoma. WED partnered with Commerce and local chambers on 18 projects in FY 2014 related to information technology, energy research and development, advanced materials, aerospace, shared business services, and manufacturing. The average wage for FY 2014 successes is $42,776 for the 3,713 jobs created. The projects totaled approximately $1.1 billion in investments.

USDA Rural Development (external link)

Oklahoma City Human Resources Society (external link)

Oklahoma Manufacturing Alliance (external link)

i2E (external link)

Resources for Student Veterans and Active-Duty Military

Oklahoma Rehabilitation Council (external link)