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   08.30.10

IN THIS ISSUE

Chamber president and CEO speaks to city council on behalf of ballpark
U.S. senators address Chamber audiences
A brief look at the economy
Bob Ball, economist and economic research manager for the Tulsa Metro Chamber, shares news regarding the economy

Chamber partners with TEDC to offer entrepreneurial education
What we’re working on:
Chamber welcomes new businesses

 

PRESENTING SPONSORS

Ace Cuervo

Miller Photo

Tulsa Airport Authority

Whistler Outdoor


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Chamber president and CEO speaks to city council on behalf of ballpark

 
Tulsa Metro Chamber President and CEO Mike Neal spoke to the Tulsa City Council Thursday night with Stan Lybarger, chair of the Tulsa Stadium Trust and president and CEO of Bank of Oklahoma, and other community representatives to report on ONEOK Field’s impact since it opened. 

Neal shared with the council that the ballpark’s annual economic impact is $14.5 million with an employee base of 191 people and total city sales tax of $178,447. These numbers are in addition to the 306 direct jobs created from the construction of the ballpark and the $285,018 in sales tax paid to the city just during construction.

Neal also cited seven new downtown projects that have been initiated since ONEOK Field broke ground including the Matthews Building Renovation (a $15 million project) and the Brady Hotel (an $8 million project). These projects are estimated to have a more than $100 million economic impact.

He also reported that these projects have resulted in 421 direct jobs and another 371 indirectly and induced jobs from the additional income.

The ballpark’s construction and operations, its impact on downtown, and the new construction projects that have resulted collectively generate an economic impact of $203 million producing an estimated $845,196 in city sales tax, $286,522 in county sales tax and $1,112,242 in property taxes.

“ONEOK Field has become an anchor for downtown development. The city benefits, the county benefits, the citizens benefit and most certainly downtown businesses benefit,” said Neal. “Thank you for your great partnership in support of this fabulous new downtown enhancement.”

The council voted to approve the proposed increased assessment within the Tulsa Stadium Improvement District.



U.S. senators address Chamber audiences

 
U.S. Senators Jim Inhofe and Tom Coburn were the featured guests at the Tulsa Metro Chamber hosted Congressional Forums held recently to update the business community on issues in Washington, D.C.

While both senators spoke to several issues of concern, a shared sense of optimism was evident in their remarks. Inhofe closed his breakfast forum by suggesting the stage is set for “the greatest Renaissance” and Coburn was encouraged by the attention the nation is now paying to decisions being made in Washington.

“There is not a problem facing the nation that we cannot solve,” said Coburn.

Taxes was a specific topic of discussion at both forums with Inhofe cautioning that several proposed tax increases would be implemented by year end if something isn’t done, and that to generate revenue, the free enterprise system must be in effect.

Coburn blamed the uncertain tax landscape for 2011 as a deterrent to potential investors.

“Money is not being invested because people are unclear about taxes in 2011,” said Coburn.
Both senators believe conservatives will take over the majority after the November elections and make fundamental changes.

“We’re going to undo a lot of stuff when we become the majority,” said Inhofe in reference to the health care reform bill. “Anything that can be done, can be undone.”

Coburn cited three main problems he said must be attacked in order to return the United States to a vibrant economy: lack of vision; lack of adherence to the constitution and fundamental role of government; and only treating the symptoms, not the disease in the government.

Inhofe applauded Arizona for its efforts in securing the state’s borders and suggested America should implement a guest-worker program that is monitored so as not to lead to citizenship. He also commented on the corn ethanol mandate in the 2007 energy bill as being bad for the environment and for consumers.

The Chamber will host Speaker of the House Chris Benge, Speaker-elect Kris Steele and President Pro Tempore Glenn Coffee on Tuesday, Sept. 7 from noon – 1 p.m. at the DoubleTree Hotel Warren Place. Click here to register online.



A brief look at the economy
Bob Ball, economist and economic research manager for the Tulsa Metro Chamber, shares news regarding the economy

 
The estimate of annualized growth in U.S. gross domestic product (GDP) for the second quarter of 2010 was recently revised downward from 2.4 percent to 1.6 percent. Either level reflects less-than-optimum growth to sustain increasing employment levels nationwide. However, there is good news regarding the downward adjustment. It was smaller than expected and the economy has now experienced four consecutive quarters of positive growth.

Tulsa has fared much better than the U.S. throughout the recession. Even with the downward adjustment in the U.S. GDP, Tulsa should show sustained, positive gains in jobs in the first half of the fourth quarter of 2010 in some industry sectors. Positive signs for Tulsa employment growth are: 1) hiring at employment-service companies (temporary employment) by companies whose business has grown and is expected to grow, but are not ready to hire full-time; and 2) the number of employees changing jobs is increasing, indicating employees’ believing they aren’t in danger of losing their current jobs. Year-end employment in Tulsa should be unchanged to slightly below the level at year-end 2009.



Chamber partners with TEDC to offer entrepreneurial education

 
The Tulsa Metro Chamber is collaborating with the Tulsa Economic Development Corporation to offer two entrepreneurial education programs, FastTrac® GrowthVenture™ and FastTrac® NewVenture™ beginning in September. Scholarships will be available for both programs.

FastTrac GrowthVenture
A program to assist entrepreneurs with establishing a vision and strategy to grow their company and create long-term sustainability. The program is targeted specifically to entrepreneurs who have experience running their businesses and will focus on skills needed to maximize cash flow for future profitability, lead with clarity and build and maintain a competitive advantage.

GrowthVenture is sponsored by the Tulsa Metro Chamber’s SourceLink Business Center and is offered to small business owners who have been in business at least two years. The program is scheduled from 2:30-5:30 p.m., on Tuesdays beginning Sept. 21. Cost for the program is $499; space is limited. Click here to register. Full scholarships will be offered to 15 Chamber members. To apply for a scholarship, click here. Deadline to apply is Sept. 6.

FastTrac NewVenture
A program to help aspiring or early-stage entrepreneurs evaluate and perfect their business concept in a safe, supportive environment with experts, mentors and coaches. The program provides the opportunity for participants to explore entrepreneurship, identify and meet market needs, begin building infrastructure for business operations and more. NewVenture will be held from 6-9 p.m., on Tuesdays beginning Sept. 21.

NewVenture is sponsored by the Tulsa Metro Chamber and The Forge, TYPros’ business development center. Cost for the program is $499; space is limited. Click here to register. Fifteen full scholarships are available to those who qualify. To apply for a scholarship, click here. Deadline to apply is Sept. 6.

Both programs will be held at TEDC, 907 S. Detroit Ave., Suite 1001. For questions or information about these programs, contact Warren Unsicker at 918.560.0235 or warrenunsicker@tulsachamber.com.



What we’re working on:

Executive
• Hosting Congressional Forum with Senator Tom Coburn.
• Participating in the Foundation for Tulsa Public Schools Golf Classic.
• Attending the State Chamber grand opening and ribbon cutting.
• Hosting Tulsa’s Future II planning meeting.
• Attending Downtown Coordinating Council meeting.
• Facilitating meetings with the mayor and city councilors.

Economic Development
• Meeting with an overseas company looking to form a business relationship with the Chamber.
• Hosting a site visit for a major company.
• Creating next generation goals and strategies for the Business Retention and Expansion program.
• Meeting with a major property owner in Downtown Tulsa.
• Working with a manufacturing company on the consolidation of five locations into one facility.
• Hosting an orientation for new members of the Small Business Council.
• Updating and enhancing the Minority Business Champion program.
• Facilitating small committee meetings focusing on the development of a multi-jurisdictional local cash incentive fund.
• Attending small taskforce meetings evaluating funding opportunities for land acquisition to be used for future local incentive purposes.
• Hosting a booth at the Tulsa Pipeline Expo.

Education and Workforce
• Hosting a kickoff breakfast for Partners In Education participants and partners.
• Recruiting volunteers for College Access Career Readiness program.
• Working on a Talent Dividend marketing plan to encourage adults to finish their college degree.
• Working on a regional public colleges and universities joint plan to increase enrollment.
• Hosting a number of education and health forums and events.

Tulsa’s Young Professionals
• Preparing for the second annual Green Gala event.
• Partnering with Leadership Tulsa and KRMG to plan an election event for late September.
• Promoting the FastTrac entrepreneurial events.
• Conducting a brainstorming session with general membership.

Marketing/Communications
• Creating a marketing plan for the TYPros Green Gala event.
• Submitting an editorial piece to American British Business magazine about Tulsa’s economic development opportunities.
• Submitting an editorial piece to Area Development magazine about Tulsa’s economic development potential.
• Implementing a Search Engine Marketing plan for ChooseTulsaJobs.com.
• Creating collateral materials for the Tulsa’s Future II campaign.
• Assisting area companies with announcements.
• Submitting information to Conventions South magazine on new and renovated Tulsa venues, attractions and hospitality partners.
• Creating and disseminating VisitTulsa monthly enewsletter.
• Testing Tulsa Sports Commission’s beta site.
• Promoting Chamber events.

Government Affairs
• Scheduling and organizing remaining congressional forums, Mayor’s State of the City and Senate Pro Tempore Forum for 2010.
• Participating in the OK Prosperity project to educate voters about the upcoming November elections.
• Organizing voter registration drive.
• Monitoring legislative interim studies.
• Securing endorsements for the 2011 OneVoice agenda

Membership Development and Services
• New member orientation.
• Membership data verifications.
• New member recruitment.
• Membership retention.
• Compiling Resource Campaign Thank You edition.
• Tracking sponsorship fulfillment.
• Conducting two ribbon cuttings.



Chamber welcomes new businesses

Each month the Tulsa Metro Chamber's Hospitality Club welcomes new businesses and new Chamber members to the community by assisting with ribbon cuttings and groundbreaking announcements.

Welcome new members
Bartlesville Community Center
Blue Monday
Crown Neon Signs, Inc.
Edward Jones
Excellent and Elegant Events
ExecuTime Software
Harley Hollan
Hoffman Printing, LLC
Insphere Insurance Solutions
Oklahoma Department of Rehabilitation Services
Ovation University
Power Roofing and Exteriors
Prattville Tag Agency
Recruiting Excellence
Redeemer Presbyterian Church
Rodan & Fields Dermatologists
Skelly Lodge
The Edwards Firm
Totem Trucking Services
Town of Depew / PWA
Walt's Motors, Inc


Phame Marketing
Ron Owens, CEO
5053 S. 79th East Avenue
Tulsa, OK 74145
Phone: 619.9137
www.PhameMktg.com 

Redfork Main Street Groundbreaking
Tracy Conrad, Director
4053 Southwest Boulevard
Tulsa, OK 74107
Phone: 445-4457
www.redforkmainstreet.org 

Cancer Treatment Centers of America at Southwestern Regional Medical Center
Steve Mackin, President and CEO
10109 E. 79th Street
Tulsa, OK 74133
Phone: 286.5000
www.cancercenter.com

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