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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 2023 Expenditures

$41.7M

Performance Metrics

Aerospace and Defense Employment

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113,530

Jobs

Aerospace and Defense Exports

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$23.45B

Exports

Aerospace and Defense Sales

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$31.41B

Sales

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Agriculture and Biosciences

Program Description

Partner, support, grow and regulate Agriculture and Biosciences.

Total FY 2023 Expenditures

$30.5M

Performance Metrics

Agriculture and Biosciences Employment

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100,705

Jobs

Agriculture and Biosciences Exports

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$24.37B

Exports

Agriculture and Biosciences Sales

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$36.64B

Sales

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Business Vitality​

Program Description

Encourage business development, expansion and increased production capacity.

Total FY 2023 Expenditures

$14.2M

Performance Metrics

International Agricultural Exports

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$2.20B

Agricultural exports

Real Gross Regional Product

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$193.23B

Gross regional product

State Industry Exports

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$266.50B

Exports

State Industry Sales

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$448.64B

Sales

Year-over-Year Expenditure Comparison

FY 2023 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 2023 Expenditures

$100.3M

Performance Metrics

Veteran Unemployment

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4.7%

Unemployment rate

Youth Unemployment

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7.5%

Ages 16-19 unemployment rate

Offenders Re-entering Workforce w/ Vocational Training & Certificates
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5.1%

Offenders

Disability Clients Employment

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52%

Disability clients employed

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Energy​

Program Description

Partner, support, grow and regulate Energy industries.

Total FY 2023 Expenditures

$7.1M

Performance Metrics

Energy Employment

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77,870

Jobs

Energy Exports

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$38.70B

Exports

Energy Sales

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$53.83B

Sales

Year-over-Year Expenditure Comparison

FY 2023 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 2023 Expenditures

$1.7M

Performance Metrics

Microenterprise Ownership

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2.72%

Microenterprise business ownership

Small Business Ownership

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2.32%

Small business ownership

Venture Capital & Equity Investments

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$4.07M

Average venture capital deal

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Information and Financial Services​

Program Description

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

Total FY 2023 Expenditures

$20.9M

Performance Metrics

Information and Financial Services Employment

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115,516

Jobs

Information and Financial Services Exports

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$7.77B

Exports

Information and Financial Services Sales

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$34.90B

Sales

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Innovation​

Program Description

Enable business growth through technology, research and development.

Total FY 2023 Expenditures

$37.0M

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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32nd

National rank

Small Business Innovation Research Awards

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26

Awards

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Tourism, Arts & Heritage

Program Description

Support tourism, arts, and the heritage of our state.

Total FY 2023 Expenditures

$83.8M

FY 2023 Q4 Year to Date Expenditures by Agency

Note: This statewide program was introduced in FY 2023 to enhance the ability of agencies to align financial information with statewide priorities, and therefore prior year expenditure data and/or metrics are not yet available. Data will be provided as soon as it becomes available.

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Wealth Generation

Program Description

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

Total FY 2023 Expenditures

$2.7B

Performance Metrics

Income Poverty Rate

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16%

Income poverty rate

Median Household Income

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$55,826

Median household income

Per Capita Personal Income

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84%

% of national average

Average Annual Wage

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$48,360

Average annual wage

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency

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Workforce Participation​

Program Description

Increase the total number of citizens in the workforce.

Total FY 2023 Expenditures

$134.2M

Performance Metrics

Labor Force Participation

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60.6%

Of population 16+

State Labor Force

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1,854,234

People age 16+

TANF Client Workforce Training

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54%

TANF clients completing programs

Year-over-Year Expenditure Comparison

FY 2023 Expenditures by Agency


Last Modified on Sep 05, 2023
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