Tulsa, OK Boasts Economic Diversity & Resilience

Tulsa's Diverse Economy

Tulsa is the second-largest city in the state of Oklahoma, located in the northeastern part of the state. The city has a diverse economy with a mix of industries, including energy, healthcare, aerospace, and manufacturing.

The energy industry has historically played a significant role in Tulsa's economy, with several major oil and gas companies based in the city. However, the city has diversified its economy in recent years, with healthcare emerging as a key industry. Tulsa is home to several major hospitals and medical centers, including St. Francis Health System, Hillcrest HealthCare System, and the Oklahoma State University Medical Center.

The aerospace industry is another important sector in Tulsa's economy, with several major companies operating in the city, including American Airlines, Boeing, and Spirit AeroSystems. The manufacturing industry also plays a significant role in the city's economy, with companies such as Kimberly-Clark, Whirlpool, and Nordam Group operating facilities in Tulsa.

In terms of employment, the top industries in Tulsa are healthcare and social assistance, retail trade, and manufacturing. The unemployment rate in Tulsa was 3.7% in December 2021, which is slightly lower than the national average.

Tulsa has also experienced population growth in recent years, with a current population of around 400,000 people. The city has a lower cost of living compared to the national average, which makes it an attractive location for businesses and individuals looking to relocate.

Overall, Tulsa's diverse economy and favorable business climate make it a promising location for growth and development.

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