• Contact
Saturday, June 28, 2025
  • Login
Oklahoma Business Voice
  • Home
  • News
    • All
    • Aerospace
    • Childcare
    • Education
    • Energy & Environment
    • Federal
    • Film & Television Industry
    • Finance
    • Health Care
    • Innovation
    • Issues Affecting Oklahomans
    • OBV One-on-One
    • Opinion
    • Politics & Elections
    • Taxes & Budget
    • Tribal
    • Workforce Development
    Oklahoma City's downtown skyline.

    Small businesses across U.S. more confident, but report inflation problem

    Photo from Oklahoma Broadband Office

    Broadband expansion underway in 4 Oklahoma counties

    unemployment rate loose job loss joblessness jobloss caused by recession

    Wildfire unemployment assistance available in Oklahoma

    Rep. Jim Olsen, photo from Oklahoma House of Representatives

    Oklahoma Freedom Caucus on women working, free market, tax cuts

  • Sign UpNEW
  • About
  • Contact
  • Advertise With Us!
No Result
View All Result
  • Home
  • News
    • All
    • Aerospace
    • Childcare
    • Education
    • Energy & Environment
    • Federal
    • Film & Television Industry
    • Finance
    • Health Care
    • Innovation
    • Issues Affecting Oklahomans
    • OBV One-on-One
    • Opinion
    • Politics & Elections
    • Taxes & Budget
    • Tribal
    • Workforce Development
    Oklahoma City's downtown skyline.

    Small businesses across U.S. more confident, but report inflation problem

    Photo from Oklahoma Broadband Office

    Broadband expansion underway in 4 Oklahoma counties

    unemployment rate loose job loss joblessness jobloss caused by recession

    Wildfire unemployment assistance available in Oklahoma

    Rep. Jim Olsen, photo from Oklahoma House of Representatives

    Oklahoma Freedom Caucus on women working, free market, tax cuts

  • Sign UpNEW
  • About
  • Contact
  • Advertise With Us!
No Result
View All Result
Oklahoma Business Voice
No Result
View All Result
Home News
Oklahoma City Skyline

Oklahoma City's skyline

Oklahoma comes up short in CNBC business ranking, improvement efforts underway

Hicham Raache by Hicham Raache
July 17, 2023
in News, Workforce Development
Reading Time: 3 mins read
Share on FacebookShare on Twitter

OKLAHOMA (OBV) – Oklahoma ranked low in America’s Top States for Business in 2023 – a CNBC survey that scored all 50 states on business competitiveness and viability – but a top business expert says efforts are underway to improve the Sooner State’s business standing.

CNBC ranked Oklahoma the 41st best business state in the nation.

All 50 states were scored on 86 metrics across the following 10 competitiveness categories:

  • Workforce
  • Infrastructure
  • Economy
  • Life, health and inclusion
  • Cost of doing business
  • Tech & innovation
  • Business friendliness
  • Education
  • Access to capital
  • Cost of living

“Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials,” CNBC staff state. “That way, our study ranks the states based on the attributes they use to sell themselves.”

Oklahoma ranked 36th in workforce, 20th in infrastructure, 30th in economy, 49th in life, health and inclusion, third in cost of doing business, 38th in tech & innovation, 21st in business friendliness, 48th in education, 25th in access to capital and fifth in cost of living.

Ben Lepak, executive director of the State Chamber Research Foundation, said this ranking does not define Oklahoma’s potential for improvements in business competitiveness.

“Any one-year ranking is just a snapshot in time, but that’s why we’ve created our own metrics that point the way for policy makers in Oklahoma and the business community to prioritize the things we need to work on and improve,” Lepak said. “I think in general, getting an idea of trends and trying to break down these different components of economic growth, is a really useful way to prioritize and to shape a policy agenda.”

The metrics Lepak referred to is the 2022 Oklahoma Scorecard, which in previous years was entitled The Oklahoma Economic Competitiveness Index. The Oklahoma Scorecard measures economic competitiveness based on key metrics that are indicative of public policy choices.

The 2022 Oklahoma Scorecard ranked Oklahoma 44th out of 50 states in workforce, down from its 41st rating from the previous year. The Scorecard attributed the decline largely to poor K-12 education outcomes.

Oklahoma political and business leaders are working together to improve workforce in the state. Gov. Kevin Stitt signed Senate Bill 621 into law last month, establishing the Oklahoma Workforce Commission.

The Workforce Commission will direct the state’s workforce development strategy and administer and oversee funding allocated by the legislature for workforce development initiatives. The commission can contract with outside parties to achieve its goals.

“The Workforce Commission will make it easier for existing companies to grow and it will create the skilled workforce we need to attract new businesses to our state. We thank all our members and lawmakers that have worked so hard to make this day a reality,” Chad Warmington, State Chamber of Oklahoma president and CEO, said during a ceremony in which Stitt signed SB 621.

Oklahoma has what it takes to compete with major industrial states, Lepak said.

“Some people think that we can’t possibly compete with states like California or Texas, but we are trying to compete with those states and every other state,” Lepak said.

CNBC ranked Texas sixth and California 25th. North Carolina topped the list at number one.

Tags: 2022 Oklahoma Scorecard2023America's Top States for BusinessBen LepakBusinessChad WarmingtonCNBCGovernor Kevin StittOklahomaOklahoma Workforce CommissionSB 621Senate Bill 621State Chamber of OklahomaState Chamber Research FoundationThe Oklahoma Competitiveness IndexWorkforce
ShareTweetShare
Previous Post

Outgoing Oklahoma senator John Michael Montgomery looks forward to creating opportunities as Lawton Chamber leader

Next Post

Oklahoma Rep. Suzanne Schreiber receives high honor for childcare home licensing regulations law

Related Posts

Oklahoma City's downtown skyline.
News

Small businesses across U.S. more confident, but report inflation problem

June 27, 2025
Photo from Oklahoma Broadband Office
News

Broadband expansion underway in 4 Oklahoma counties

June 26, 2025
unemployment rate loose job loss joblessness jobloss caused by recession
News

Wildfire unemployment assistance available in Oklahoma

June 26, 2025
Rep. Jim Olsen, photo from Oklahoma House of Representatives
News

Oklahoma Freedom Caucus on women working, free market, tax cuts

June 24, 2025
Mk-II Aurora touching the edge of space. Photo from Dawn Aerospace
Aerospace

Oklahoma to become launch site for Aurora spaceplane

June 24, 2025
Preparations underway for 2028 Summer Olympics in OKC
News

Preparations underway for 2028 Summer Olympics in OKC

June 20, 2025
Next Post
Rep. Suzanne Schreiber

Oklahoma Rep. Suzanne Schreiber receives high honor for childcare home licensing regulations law

Oklahoma Business Voice

© 2023 Oklahoma State Chamber.
Powered by High Five Media.
Privacy Policy

Navigate Site

  • Home
  • News
  • Sign Up
  • About
  • Contact
  • Advertise With Us!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Sign Up
  • About
  • Contact
  • Advertise With Us!

© 2023 Oklahoma State Chamber.
Powered by High Five Media.
Privacy Policy

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.