In our previous article, we looked at 3 major industries that have contributed to the economy of the State of Oklahoma and by extension the City of Tulsa. We therefore have decided to go a step further and look into specific commercial activities you can engage in in Tulsa. This will specifically be of interest to you, if you are looking to set up shop in a city with great business potential.
Did you know that Tulsa is one of the most central locations in the United States of America?This is one of the reasons this city is one of the most desirable places to do business. In addition, this city has been ranked as one of the metropolitan areas in America with a low cost of living and by extension a low cost of operating a business.
Here are the top 4 commercial activities you can do in Tulsa.
The aerospace industry
The aerospace industry is the largest in this city and is estimated to be a $3 billion industry. It’s worth noting that potential for growth still exists especially with the continued need for technology to advance the aviation industry. This is definitely a commercial activity worth considering.
The insurance industry
With economic growth, there is an increasing need for insurance as people seek to protect their financial investments. Currently, the insurance sector is thriving and is responsible for job creation in this city, and still has a potential for further growth.
The manufacturing sector
Whereas many manufacturers are outsourcing manufacturing to China, Mexico and other parts of Asia and Africa, Tulsa offers great potential for growth in the manufacturing industry. With a low cost of living and business operation costs, you can be assured that labor costs will be fair. This is definitely an opportunity worth checking out.
The healthcare sector
With good incomes, the citizenry can afford spending in healthcare. This is simple math. In fact, this sector currently employs in excess of 30,000 people thereby contributing just over $1 billion to Tulsa’s economy. This makes this industry worth investing in.
Do let us know if you have a specific area of interest as pertains to the City of Tulsa that you would like more information on.