The Oklahoma business climate is vibrant with growth of traditional industries invigorated with other sectors in more nascent stages. Economic development projects announced in 2022 and led by the Oklahoma Department of Commerce are expected to bring more than 7,000 new jobs and $3.7 billion in new private investment. Among the projects announced were securing the first domestic rare earth metal and magnet manufacturing facility; attracting foreign direct investment at the Oklahoma Air & Space Port; and a bevy of programs and resources bolstered and created with a focus on workforce development; startups; supply chain; and infrastructure.
