Survey results may be used at both local and state levels to:
- Understand the specific needs of businesses by location, employment size and industry super sectors.
- Identify what support can be provided to ensure that businesses fully capitalize on opportunities.
- Establish and/or confirm economic development strategies and priorities; what does or doesn’t work and what matters.
- Develop policies based on both quantitative and qualitative data targeted to further improve Oklahoma’s business climate.
- Develop action plans that support economic development and growth in employment.
- Provide a baseline for subsequent surveys of Oklahoma executives.
Business Optimism & Business Climate
60% of U.S. business leaders said they were optimistic about the growth of their business in the next six months
Source: Business Optimism Index, Grant Thornton LLP, 2012
- Oklahoma Ranks #1 for Cost of Living (CNBC, 2011)
- Oklahoma Ranks 4th for Quality of Life (Business Facilities, 2011)
- Oklahoma Ranks 6th for Cost of Doing Business (CNBC, 2011)
- Oklahoma Ranks 24th for Business Friendliness: Litigation & Regulation (CNBC, 2011)
- Oklahoma Ranks 24th for Access to Capital (CNBC, 2011)
- Oklahoma Ranks 29th for Business Tax Climate (Tax Foundation, State Business Tax Climate Index Rankings, 2011)
- Oklahoma Ranks 28th on America’s Top States for Business (CNBC, 2011)
- 28% of national business leaders said their employee base will increase over the first six months of 2012 (Source: Business Optimism Index, Grant Thornton LLP, 2012)
- 14% of employers plan to hire in Q1, 2012 (Source: Manpower Survey, Wall Street Journal)
- Business Growth
- Talent (Acquisition/Retention)
- Cost Optimization
- Government Regulation
- (The Conference Board, CEO Challenge, 2011)
Employment Trends, Workforce & Education
Business Expansion & Infrastructure
U.S. commercial expansion for 2012 is projected at 3.3%
Source: U.S. Census Bureau, Department of Commerce; Reed Construction Data
Oklahoma ranks 35th for Infrastructure & Transportation
Oklahoma Ranks 24th for Business Friendliness: Litigation & Regulation
Top 5 Executive Challenges
The top 5 CEO challenges
Oklahoma ranks 48th for Overall Health Care (obesity, smoking, diabetes, healthcare outcomes)
(United Health Foundation, 2011)