Economy
The Tulsa metropolitan area is the economic engine of the Green Country as well as Eastern Oklahoma. In 2011 the Tulsa metropolitan area's GDP was $46.4 billion, up from 43.4 billion in 2009, nearly thirty percent of Oklahoma's economy, and the 53rd largest in the nation. The chief industries of the region are energy, aerospace, telecommunications, and manufacturing. Energy has long been a dominant player in the area's economy, as Tulsa was once dubbed the 'Oil Capital of the World'. Today, Fortune 500 energy companies still call the area home, such as ONEOK and Williams Companies. Also, a majority of American car rental companies are headquartered in the area, such as Fortune 1000 Dollar Thrifty Automotive Group. There are major manufacturing and maintenance operations for the aerospace industry in Tulsa. In 2012, Engine Advocacy ranked the Tulsa Metro as having some of the highest growth in the high-tech industry at 7.6% compared to 2.6% for the national average for 2010-2012, and is expected to have continuous growth throughout 2013. The Tulsa region is home to the 8th best workforce in aerospace, 9th best in Energy and 18th best in telecommunications. In 2001, Tulsa metro's total gross product was in the top one-third of metropolitan areas, states, and countries globally, with more than $29 billion in total goods, expected to grow at a rate of nearly $500 Million every two years.
Among its resident Tulsa area is home to two billionaires, George Kaiser (BOK Financial Corporation), and Lynn Schusterman (philanthropist).
As of Nov 2012, the Metro's unemployment rate is 5.1 percent.
Read more about this topic: Tulsa Metropolitan Area
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)