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Expanding Economic Prosperity

ECONOMY GOAL
Investing in Oklahoma's economic vitality and prosperity; and partnering with, supporting and growing the state's key economic sectors.

Metric Legend Guide

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Aerospace and Defense

Program Description

Partner, support, grow and regulate Aerospace and Defense.

Total FY 2021 Expenditures

$40.3M

Performance Metrics

Aerospace and Defense Employment

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111,957

Jobs

Aerospace and Defense Exports

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$21.42B

Exports

Aerospace and Defense Sales

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$29.69B

Sales

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Agriculture and Biosciences

Program Description

Partner, support, grow and regulate Agriculture and Biosciences.

Total FY 2021 Expenditures

$17.2M

Performance Metrics

Agriculture and Biosciences Employment

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92,006

Jobs

Agriculture and Biosciences Exports

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$22.43B

Exports

Agriculture and Biosciences Sales

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$33.31B

Sales

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Business Vitality​

Program Description

Encourage business development, expansion and increased production capacity.

Total FY 2021 Expenditures

$10.0M

Performance Metrics

International Agricultural Exports

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$1.88B

Agricultural exports

Real Gross Regional Product

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$190.89B

Gross regional product

State Industry Exports

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$255.89B

Exports

State Industry Sales

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$430.76B

Sales

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Employment Growth​

Program Description

Refers to the efforts that the state of Oklahoma is making to affect employment and wages.

Total FY 2021 Expenditures

$97.4M

Performance Metrics

Veteran Unemployment

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4.8%

Unemployment rate

Youth Unemployment

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8.2%

Ages 16-19 unemployment rate

Offenders Re-entering Workforce w/ Vocational Training & Certificates
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7.7%

Offenders

Disability Clients Employment

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44%

Disability clients employed

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Energy​

Program Description

Partner, support, grow and regulate Energy industries.

Total FY 2021 Expenditures

$6.6M

Performance Metrics

Energy Employment

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81,756

Jobs

Energy Exports

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$48.06B

Exports

Energy Sales

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$65.75B

Sales

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Entrepreneurship​

Program Description

Support the creation of small businesses to address market demands and new market development.

Total FY 2021 Expenditures

$4.5M

Performance Metrics

Microenterprise Ownership

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2.73%

Small business ownership

Small Business Ownership

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2.23%

Small business ownership

Venture Capital & Equity Investments

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$2.22M

Average venture capital deal

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Information and Financial Services​

Program Description

Partner, support, grow and regulate Information and Financial Services.

Total FY 2021 Expenditures

$13.4M

Performance Metrics

Information and Financial Services Employment

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110,912

Jobs

Information and Financial Services Exports

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$6.34B

Exports

Information and Financial Services Sales

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$32.22B

Sales

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Innovation​

Program Description

Enable business growth through technology, research and development.

Total FY 2021 Expenditures

$19.3M

Performance Metrics

New Patents Filed

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689

Patents

Research and Development Investments

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0.15%

State spending

National Innovation Ranking

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35th

National rank

Small Business Innovation Research Awards

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18

Awards

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Wealth Generation

Program Description

Increase and support citizen wealth and generate wealth within the state.

Total FY 2021 Expenditures

$2.1B

Performance Metrics

Income Poverty Rate

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15.2%

Income poverty rate

Median Household Income

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$59,397

Median household income

Per Capita Personal Income

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83.81%

% of national average

Average Annual Wage

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$50,533

Average annual wage

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency

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Workforce Participation​

Program Description

Increase the total number of citizens in the workforce.

Total FY 2021 Expenditures

$151.3M

Performance Metrics

Labor Force Participation

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60.5%

Of population 16+

State Labor Force

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1,848,485

People age 16+

Unemployment Insurance Benefits Duration

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11.3

Average number of weeks

TANF Client Workforce Training

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74.6%

TANF clients completing programs

Year-over-Year Expenditure Comparison

FY 2021 Expenditures by Agency


Last Modified on Feb 21, 2022
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