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Tulsa's Future: Synopsis - Tulsa Regional Chamber of Commerce

2016 ACE: Award of Excellence

In 2005, the Tulsa Regional Chamber launched the Tulsa's Future economic development initiative aimed to build a highly competitive, globally integrated regional economy by mobilizing businesses, municipalities and other entities to focus resources on Tulsa's economic growth and vitality.


Date: March 5, 2017
Organization: Tulsa Regional Chamber of Commerce
Chamber Website: http://www.tulsachamber.com
City: Tulsa, OK
Community Peer Group: Metro Cities
Revenue Category: $2,000,001 and up

Tulsa's Future: Synopsis - Tulsa Regional Chamber of Commerce

View Tulsa's Future III here

Synopsis:

In 2005, the Tulsa Regional Chamber launched the Tulsa’s Future economic development initiative aimed to build a highly competitive, globally integrated regional economy by mobilizing businesses, municipalities and other entities to focus resources on Tula’s economic growth and vitality.

Tulsa’s Future I (2005-2010) raised $11.2 million from more than 70 Tulsa metro businesses and organizations with the singular aim of growing Tulsa’s high-value primary jobs. Tulsa’s Future II (2011-2015) included aggressive job growth and capital investment metrics to secure Tulsa’s competitive foothold while working to magnify Tulsa’s vision of economic development to encompass the entire region. 28,814 were jobs announced through the program, with 15,355 of those jobs meeting the Tulsa’s Future II programs target annual salary of $50,000 or greater. Tulsa’s Future II saw such success that the program’s initial goal of 10,000 jobs was increased in 2013 to 15,000 jobs for the program’s five-year term. Tulsa’s Future II also added nearly $2 billion in capital investment in northeast Oklahoma, double the program’s original investment goal.

To begin refreshing and refining the Tulsa region’s strategic blueprint for the next five years, a comprehensive process was facilitated by Market Street Services, a globally recognized economic development consulting firm, to evaluate the region’s needs in economic development and the Chamber’s ability to raise monetary resources to meet the identified needs.

Tulsa’s Future III research and strategy was developed through a comprehensive public input process. This included multiple focus groups, one-on-one interviews with top regional leaders, a diverse steering committee of business leaders and an online survey available and promoted to all northeast Oklahoma businesses, stakeholders and citizens, resulting in 1,315 responses.

The result of this inclusive, detailed oriented information gathering and strategy was the development of four key pillars, the core tenets and priorities of Tulsa’s Future III: prosperous future, focusing on job growth a retention; skilled future, focusing on workforce development; innovative future, developing the region’s entrepreneurial culture; and livable future, to cultivate a thriving and welcoming region.

In addition to the pillar metrics, Tulsa’s Future III will also monitor a set of regional dynamics metrics, which will serve as larger indicators of the health of the regional economy and ultimately the success of key Tulsa’s Future initiatives.

Tulsa’s Future III will fund the region’s economic initiatives through 2020 and will take a collaborative effort from across the Tulsa region to achieve the campaign’s goal of $21 million.

The Tulsa's Future III funding campaign began in March 2015. During that time, the campaign team has visited with more than 180 organizations and regional communities.

Pledged support has secured nearly $16.5 million and 77 percent of the plan's $21 million goal.

This total represents the commitments of 113 investors, including 24 Oversight Committee members, 23 regional partners and 31 new investors.

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