Economy Oklahoma City

the sonic drive-in restaurant chain headquartered in oklahoma city.

the economy of oklahoma city, once regional power center of government , energy exploration, has since diversified include sectors of information technology, services, health services , administration. city headquarters 2 fortune 500 companies, chesapeake energy corporation , devon energy corporation, being home love s travel stops & country stores, ranked thirteenth on forbes list of private companies.

as of july 2014, top fifteen employers in city were:

other major corporations large presence (over 1000 employees) in city of oklahoma city include dell, hertz corporation, united parcel service, farmers insurance group, great plains coca-cola bottling company, cox communications, boeing company, deaconess hospital, johnson controls, midfirst bank, american fidelity assurance, rose state college, , continental resources.

while not in city limits, other large employers within oklahoma city msa include united states air force – tinker afb (27,000); university of oklahoma (11,900); university of central oklahoma (2,900); , norman regional hospital (2,800).

according oklahoma city chamber of commerce, metropolitan area s economic output grew 33 percent between 2001 , 2005 due chiefly economic diversification. gross metropolitan product $43.1 billion in 2005 , grew $61.1 billion in 2009. 2016 gmp had grown $73.8 billion.

in 2008, forbes magazine named oklahoma city recession proof city in america . magazine reported city had falling unemployment, 1 of strongest housing markets in country , solid growth in energy, agriculture , manufacturing. however, during 1980s, oklahoma city had 1 of worst job , housing markets due bankruptcy of penn square bank in 1982 , post-1985 crash in oil prices (oil bust).

in 2013, forbes ranked oklahoma city no. 8 on list of best places business , careers .

in 2014, forbes ranked oklahoma city no. 7 on list of best places business .

in 2017, wallethub ranked oklahoma city no. 1 on list of best large cities start business .

business districts

business , entertainment districts (and lesser extent local neighborhoods) tend maintain boundaries , character through application of zoning regulations , business improvement districts (districts property owners agree property tax surcharge support additional services community). through zoning regulations, historic districts, , other special zoning districts, including overlay districts, established. oklahoma city has 3 business improvement districts, including 1 encompassing central business district.