GROWING OPPORTUNITY: Ada Community Snapshot. 209 W Main Street Ada, OK

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1 GROWING OPPORTUNITY: Ada Community Snapshot 209 W Main Street Ada, OK

2 Location Pg. 3 Surrounding Areas Pg. 3 Transportation Pg. 4 Amenities Pg. 5 Cost of Living Pg. 5 Population Pg. 5 Major Employers Pg. 6 Workforce Pg. 7 Education Opportunities Pg. 8 Wage by Occupation Pg. 9 Housing Pg. 9 Entrepreneurship Pg. 10 Incentives Pg. 11 Discover In Ada... You ll find the perfect blend of opportunity, affordability, and small town charm welcoming you to the community. Ada is a community: a community of small businesses, corporate headquarters, educational institutions, and of course the PEOPLE that make it work everyday. Ada is poised with economic strategies, strong leadership, a diverse economy, and a geographically unique and convenient location to grow and expand. Ada offers the best in recreational and cultural amenities with city parks, Chickasaw museums, East Central University, and an array of theater offerings. Known as the City of Pure Spring Water, Ada is unique and thriving not only economically, but physically as well. The community sits on a pristine natural resource unique to Oklahoma and much of the world. Small Town, Big Opportunities 2

3 LOCATION SURROUNDING AREAS Oklahoma City, OK 85 miles via Hwy. 3W 1.5 hours Tulsa, OK 120 miles via US hours McAlester, OK 60 miles via Hwy 1 1 hour Lawton, OK 115 miles via Hwy 19 2 hours Dallas, TX 160 miles via Hwy 3 to US 75 3 hours Kansas City, MO 360 miles via US 377 to I-44 6 hours Ada is uniquely situated to provide access to all of Oklahoma and the United States. Additionally, Oklahoma is located to provide access to Mexico as well as Canada. 3

4 TRANSPORTATION Being centrally located implies not only distance but access to markets, resources, and amenities. As such, Ada provides highway, rail, interstate, port, and air access whether travelling or shipping goods regionally, nationally, or internationally. This combination of access and location with Ada s vast recreational amenities, make Ada a place to live, work, and play for today s workforce. Rail Access Burlington Northern Sante Fe (BNSF) Port Access Port of Muskogee Port of Catoosa 120 miles 135 miles Highway Access US-377; SH-3; SH-99; SH-1; SH-19 Interstate Access Interstate miles 30 minutes Interstate miles 1 hour Interstate miles 1.15 hours Air Access Ada Municipal Airport Will Rogers World Airport (OKC) Tulsa International Airport (TUL) Dallas-Fort Worth International Airport (DFW) In Town 70 Miles 120 Miles 150 Miles 4

5 AMENITIES Wintersmith Park and other city parks Laser Zone Family Fun Center Oak Hills Golf & Country Club; Lakewood and Eccentric Duffer Golf Courses ECU University Center 27 Tennis Courts and 3 Swimming Pools across the city Cinematic Theater, McSwain Theater, Hallie Brown Ford Fine Arts Center Chickasaw Nation Archive Museum Chickasaw National Recreation Area in Sulphur, OK Arbuckle, Konawa, and Murray Lakes in the surrounding area Lake Texoma and Lake Eufaula within 60 minute drives COST OF LIVING Ada is consistently 10% to 15% cheaper to live in than average communities, with exceptionally lower utility and housing costs. ACCRA Cost of Living, Q Composite 85.3 Grocery Items 89.0 Housing 82.2 Utilities 80.4 Transportation 95.5 Health Care 96.8 Misc. Goods & Services 83.6 Not only is cost of living lower than elsewhere in the United States and Oklahoma, the price to build a dream home or business facilities is affordable as well. Residential costs approximately $110 per Sq. Ft. and Industrial costs approximately $60 per Sq. Ft. to construct in Ada city limits. 5 POPULATION 2010 Population. 10 Year Change Ada 16, % Pontotoc County 37, % 45 Minute Commute 329, % State of Oklahoma 3,751, % United States Census Bureau

6 MAJOR EMPLOYERS Chickasaw Nation Mercy Hospital Ada Legal Shield East Central University Flex-N-Gate Tech. Dart Container Company Wal-Mart Supercenter Ada Public Schools City of Ada McCalls s Communities IHS Management True Energy Services IQor People s Electric Cooperative Holcim-US R.S. Kerr EPA Water Research Vision Bank Rolling Hills Psychiatric Ram Jack Superior Fabrication Inc. Apex Composites GAMI/Tornado Alley Globe Lifeline EMS Leachco 3, HQ-Govt. Services & Health Care Health Care & Social Services HQ-Finance & Insurance Services Higher Education Services Plastics Manufacturing-Auto Plastics Manufacturing-Cups, etc. Retail Trade Primary & Secondary Education Municipal Services Health Care Health Care HQ- Oil & Gas Production In-Bound Tech. Support & Call Center Electric Utility Company Cement Manufacturing Prof., Scientific, & Tech Services HQ-Finance & Insurance Health Care & Social Assistance HQ-Foundation Repair Manufacturing Agri & Oil & Gas Metal Fabrication Aviation & Aerospace Manufacturing HQ- Aviation Parts Manufacturing Fire Protection Suit Manufacturing HQ- Cut and Sew Operation Ada s workforce is incredibly employable as shown by lower than average unemployment when compared to the state and the nation. Ada is One of Oklahoma s Fastest Growing Labor Markets 6

7 WORKFORCE Ada Ada LLM Southern WIA Oklahoma US (1,000) Count 19,992 35, ,802 1,783, ,023 Employed 19,181 33, ,787 1,700, ,352 Rate 4.1% 3.8% 4.7% 4.6% 6.2% Ada offers educational opportunity for all residents from kindergarten to college and everything in between, needed to compete in today s employment market. Ada, Latta, Byng, and Stonewall offer top rated primary education. East Central University is a Division II state school offering state of the art facilities and outstanding faculty. Pontotoc Technology Center goes above and beyond to offer students at any stage of their careers the most valuable career training possible. In addition, some of Oklahoma s most well known and attended universities are a short drive away. 7 United States Bureau of Labor Statistics, Jan. 2014

8 EDUCATION OPPORTUNITY High School or Higher 81% Bachelor s Degree or Higher 28% Average Ada ACT Score: 22.8 School Location Enrollment Ada Area Ada Ada Tishomingo, 40 miles Norman, 60 miles Stillwater, 100 miles Ada, Byng, Latta, Stonewall Pontotoc Technology Center East Central University Murray State College University of Oklahoma Oklahoma State University 5, ,700 2,500 30,800 25,700 Opportunity abounds in Ada and the state of Oklahoma that prepares and educates a growing workforce. Unemployment in 2014 continues to drop to below pre-recession rates with only an estimated 3.4% unemployed in April. The Ada workforce has embraced growing economic and educational opportunity. The community continues seeks to entice and create more opportunity than ever. 8

9 WAGES Office & Admin Support Sales & Related Education, Training, & Library Food Preparation & Service Related Transportation & Material Moving Healthcare Practicioners & Technical Production Operations Construction & Extraction Management Personal Care & Service Installation, Maintenance, & Repair Building Grounds & Maintenance Protective Services Healthcare Support Business & Financial Community & Social Services Employment 4,240 2,550 1,560 1,590 2,860 1,770 1,760 1, , Median Wage $28,277 $27,674 $34,299 $18,229 $32,995 $55,187 $34,492 $35,055 $77,093 $20,403 $38,204 $23,954 $32,804 $21,688 $47,580 $31,672 EMSI, Q Ada MSA The median hourly wage across all occupations at the beginning of 2014 was $ The average wage in top occupation sectors, shown above, was $ Ada displays better than average wages across occupations, low cost of living, and an employable workforce. HOUSING 2010 Housing Units 7, Owner Occupied Rate 48.8% 2010 Median Home Value $86,000 75% of occupied homes in Ada are valued at or below $150,000. United States Census Bureau 9

10 ENTREPRENEURSHIP STUDENTS OKLAHOMA BUSINESS WEEK East Central University hosts Oklahoma Business Week, a week long summer camp for high school students. The program groups participants into companies and exposes them to the business world with a community mentor. The program continues to foster an entrepreneurial spirit in Oklahoma residents from Ada and surrounding communities. The program has garnered two awards in it s 3 year tenure. Exceptional Program Award for Best Conference in the Great Plains Region of the Association for Continuing Higher Education BUSINESSES Association for Continuing Higher Education s 2013 Distinguished Program: Non-Credit Award CAREER DISCOVERY DAYS A long-term commitment to students, employers, the community and workforce growth that began in Year 1: 8th graders identify top career choices and at the first career discovery day, 18 presenters cover the top career areas. Year 2: Added 9th grade component allowing students to experience their top career choice first-hand. Year 3: Added 10th grade Power Lunches for high performers lacking portions of an at home support system. Ada s entrepreneurial spirit from students to professionals continues to thrive and impact Ada residents and the world. Legal Shield (formerly pre-paid legal) was founded here and markets pre-paid legal services across the United States and Canada. Edge Tech Corporation was founded and continues to be the leading U.S. based supplier of storage and memory to leading technology companies. 10

11 POTENTIAL INCENTIVES ADA QUALITY JOBS PROGRAM This cash back incentive gives qualifying enrolled companies regular rebates for newly created taxable payroll for five years. Additional incentives may be available for those businesses that offer opportunities to their employees ensuring long-term success and prosperity. AMERICAN INDIAN LANDS TAX CREDITS Because of our unique Native American heritage, all of Pontotoc County (Ada Area) qualifies for special federal tax treatment. Businesses locating or expanding in these areas benefit by accelerated depreciation of investment and by employment tax credits when employing tribal members or their spouses. Oklahoma has the largest percentage of American Indian population in the country and the percentage in the Ada labor pool is 17%. NEW MARKET TAX CREDITS These credits are designed to meet economic development challenges in lower income areas of the community. New allocations are awarded periodically and New Market Tax Credit allocates have raised billions of dollars in lower income neighborhood reinvest. In 2009 alone over $250 million in NMTC allocations were awarded to Community Development Entities operating in Oklahoma. OPPORTUNITY ZONE The Oklahoma Quality Jobs Act and the Oklahoma Small Employer Quality Jobs Act offer specific benefits for companies locating in Census Tract 5002, known as Ada s Opportunity Zone. This list is not exhaustive of state or local incentives. Ada Jobs Foundation will assist interested businesses in identifying and capturing applicable incentives. 11

12 ADA JOBS FOUNDATION A central location, trained labor, low cost of living and operating, and unique incentives are only some of the reasons to consider Ada, Oklahoma for your next business venture. The Ada Jobs Foundation works the city, educators, and financial institutions including: The Ada Area Chamber of Commerce; East Central University; Ada Industrial Development Corporation; and the Chickasaw Nation. We strive to recruit new business and jobs; retain those and existing jobs; and to encourage start-ups, to bring the best economic opportunity to Ada residents and the state of Oklahoma. With the community, the Ada Jobs foundation seeks to increase the community s vitality and sustainability now and for the future. A combination of efforts and entrepreneurial spirit has made Ada one of Oklahoma s fastest growing labor markets. Grow and Discover Opportunity with: Michael Southard, AICP, EDFP, PCED President and CEO Msouthard@adaworks.org Megan Underwood Economic Development Specialist Munderwood@adaworks.org The Office 209 West Main Street Ada, OK (580)