GDP Growth in 2023

[Rover]

yes a map that shows alaska north and south dakota .. nebraska texas and wyoming being the same as colorado and california ..

seems just like a political map ..

Lol. Political and economic macular degeneration.

[Jake]

^^^^^^^^^^^^
One could make a case that when a city repeatedly invests in itself other investment follows.

Oklahoma City, notoriously “happy with crumbs” and accepting of small victories as “winning the war” I’m told.

[Urbanized]

^^^^^^^^^^
Sorry, this sentiment is a bit too deliberately obtuse for me to easily understand. Could you please dumb it down a bit so that we’re all on the same page with you?

[ComeOnBenjals!]

Was digging to see where Tulsa would rank and found these cool graphs on the St. Louis Fed site:

Tulsa: https://fred.stlouisfed.org/series/NGMP46140

OKC: https://fred.stlouisfed.org/series/NGMP36420

Good to see both Metros growing. OKC will always be the state's economic "powerhouse" with the capital/AFB, and it's showing. But it's good that Tulsa is experiencing strong growth too.

This has been talked about repeatedly on the forum, but the state really needs some corporate regional HQs or offices to take it to the next level.

[Jake]

Good to see both Metros growing. OKC will always be the state's economic "powerhouse" with the capital/AFB, and it's showing. But it's good that Tulsa is experiencing strong growth too.

This has been talked about repeatedly on the forum, but the state really needs some corporate regional HQs or offices to take it to the next level.

The lack of Fortune 500 companies for both cities really stand out on lists like this.

[ComeOnBenjals!]

The lack of Fortune 500 companies for both cities really stand out on lists like this.

Definitely.

At least in Tulsa, our big F500s are really noticeable in the community. Both in charitable donations and high paying wages. I'm sure it's the same in OKC. More is better in this regard.

[bison34]

Definitely.

At least in Tulsa, our big F500s are really noticeable in the community. Both in charitable donations and high paying wages. I'm sure it's the same in OKC. More is better in this regard.

I mean, OKC's do pretty well in the community. Devon, Chesapeake (or whatever they are called now), they are both big in the community. As are Paycom, BancFirst, among many others. They pay very well, as well, for the most part.

[BG918]

F500 companies are great to have but the majority of people work for small businesses. Encouraging entrepreneurship and fostering the growth of locally-owned small business is just as important as attracting/retaining F500 companies. Oklahoma has a very strong small business ecosystem.

[bison34]

F500 companies are great to have but the majority of people work for small businesses. Encouraging entrepreneurship and fostering the growth of locally-owned small business is just as important as attracting/retaining F500 companies. Oklahoma has a very strong small business ecosystem.

Yeah, but the sheer % of failures is so much higher in small businesses, and without those large companies to absorb the failures, that is how you end up in the position Marietta and Ardmore are about to be in.

[PhiAlpha]

Yeah, but the sheer % of failures is so much higher in small businesses, and without those large companies to absorb the failures, that is how you end up in the position Marietta and Ardmore are about to be in.

LOL at comparing Marietta and Ardmore’s business environments to Oklahoma City and Tulsa.

[Laramie]

It may seem like a bit of a stretch; they use Fortune 1000 companies now.

Full List of Fortune 1000 Companies (2024)
Updated Sep 1, 2024 https://us500.com/fortune-1000-compa...oogle_vignette

232 Oneok OKE Pipelines Oklahoma Tulsa
271 Devon Energy DVN Mining, Crude-Oil Production Oklahoma Oklahoma City
371 Williams WMB Pipelines Oklahoma Tulsa
439 Continental Resources CLR Mining, Crude-Oil Production Oklahoma Oklahoma City
440 Chesapeake Energy CHK Mining, Crude-Oil Production Oklahoma Oklahoma City
442 NGL Energy Partners NGL Pipelines Oklahoma Tulsa
867 BOK Financial BOKF Commercial Banks Oklahoma Tulsa
916 Helmerich & Payne HP Oil and Gas Equipment, Services Oklahoma Tulsa
963 OGE Energy OGE Utilities: Gas and Electric Oklahoma Oklahoma City
983 Alliance Resource Partners ARLP Mining, Crude-Oil Production Oklahoma Tulsa

Oklahoma City's three largest are 271 Devon Energy DVN - 439 Continental Resources - 440 Chesapeake Energy CHK*
Tulsa's three largest are 232 Oneok - 371 Williams WMB Pipelines - 442 NGL Energy Partners NG
*Chesapeake is now Expand Energy, you're probably see an official higher (OKC's Largest) update next listing.

[ComeOnBenjals!]

^ That list paints an even more disappointing picture. Only 10 companies on the entire Fortune 1000?! Granted it looks like Love's, QuickTrip, Hobby Lobby aren't on there for some reason, but even with them only around 13. Surprised to not see Paycom on there.

[bison34]

^ That list is even more damning of the state. Only 10 companies on the entire Fortune 1000?! Granted it looks like Love's, QuickTrip, Hobby Lobby aren't on there for some reason, but even with them only around 13. Surprised to not see Paycom on there.

They are private companies. Not public. FORTUNE companies are all public. Love's, QT, Hobby Lobby, all would be top 500 companies if they were public.

[Jake]

^ That list paints an even more disappointing picture. Only 10 companies on the entire Fortune 1000?! Granted it looks like Love's, QuickTrip, Hobby Lobby aren't on there for some reason, but even with them only around 13. Surprised to not see Paycom on there.

Almost all oil and gas companies. Memphis has 6 Fortune 1000 companies alone.

[progressiveboy]

Damn it. I thought we had run you off of here?

Again, DC Sooner stated it was just his own opinion in which he is entitled . In many ways he is correct regarding low growth for the State and OKC. No corporate HQ's for OKC or Oklahoma in many years. I have stated this many times too!

[mugofbeer]

Attachment 19337

Looks strangely like the political map, doesn't it?

Looks more like a map of the income level it takes to live comfortably there.

[Rover]

Looks more like a map of the income level it takes to live comfortably there.

GDP has nothing to do with cost of living. It has to do with value created. When you have little value created you are generally creating low value products or low volumes, which translates into low income and little demand, which decreases the cost of living and increases poverty. It often translates into low educational levels as either there is low demand for skilled and educated employees because what is being produced isn't of a complex or technical nature, and there is less tax money (particularly property tax) to support a good educational system preK-12. All these things tend to influence how people think about their government and people who's lives are less privileged tend to blame institutions for their problems. That is likely why GDP maps may resemble political leanings maps.

[BoulderSooner]

That is likely why GDP maps may resemble political leanings maps.

except they don't at all ..