Two Tulsa Companies Announce Expansions
Two Tulsa companies could receive up to $4.8 million in state incentives over the next 10 years through the Oklahoma Quality Jobs Program if they follow through on hiring 248 new workers. Tulsa-based oil and natural gas equipment manufacturer Summit ESP LLC could receive up to $3.1 million for hiring 148 new workers and Tulsa collection services company McCarthy, Burgess and Wolfe, Inc. would receive $1.7 million for creating 100 new jobs.
SageNet Hiring 20 for New National Logistics Center
Tulsa-based SageNet will add 20 employees to its workforce with the opening of the company’s new 20,000-square-foot National Logistics Center and expansion of its Tulsa Network Operations Center. SageNet, a managed network services and cybersecurity solutions provider, has 110 associates in Tulsa and 210 at offices in Washington D.C, Atlanta, Chicago and Philadelphia. The new center features a state-of-the-art configuration, cabling, test and repair facility, a digital signage lab, administrative offices, an inventory management and storage area and more than 12,000 square feet of warehouse space.
Financial Services Company Expands into New Office Building
A payment processing company has signed a seven-year, 34,000-square-foot lease for space in the Southpark office building, 4343 S. 118th East Ave. Global Holdings, LLC, which provides financial service solutions to several hundred companies nationwide, has approximately 125 employees and processes more than $5 billion in annual payment volume.
GasTech Engineering Growing - Moves into Larger Facility
Sapulpa-based GasTech Engineering LLC is expanding due to continued growth. The new 21.5-acre site with 150,000 square feet of industrial space is nearly 70,000 square feet bigger than their former location. With a workforce of nearly 100 people, GasTech carries out process engineering, design and fabrication for the natural gas, oil production, refining, petrochemical and industrial gas markets.
Tulsa Stock Index Sees Growth in 2016
The Tulsa Stock Index outpaced the S&P 500 and Russell 2000 by a large margin in 2016, according to data provided by Longbow Asset Management. Longbow tracks the index in coordination with the Tulsa World. 2016 turned out to be a very good year with a year-over-year return of more than 35 percent. A good return for a portfolio typically is between 10 and 12 percent. Energy and Financials realized the biggest gains, each approaching a 40 percent return.
BTC Broadband Expanding Fiber into Tulsa Metro
BTC Broadband announced in early January that its now-in-place fiber-optic backbone across the Tulsa metropolitan area will allow it to build out more and offer fiber-based business service. A key portion of the network, will be in east-central Tulsa – the commercial district near the intersection of U.S. 169 and the Broken Arrow Expressway.
River Spirit Margaritaville Casino Resort Opens New Arena
Paradise Cove is the latest ribbon-cutting to take place as the $365 million expansion of River Spirit Casino Resort fully opens to the public. The 2,700-seat theater doubles the size of the previous event center and continues with the Margaritaville theme of the new casino, restaurant and upcoming pool deck located at 83rd and Riverside Parkway.
Tulsa Homes Average Selling Price Jumps in December
The average sales price for a metro home in December increased by 13.6 percent over the same month last year, according to the Greater Tulsa Association of Realtors. The average sales price was $187,285, compared to $164,859 a year ago. Home sales rose 2.85 percent in December and the average days on the market increased slightly to 50.57 days.
Planning Commission Approves North Tulsa Industrial Park
The Tulsa Metropolitan Area Planning Commission approved in mid-January the rezoning for a proposed north Tulsa industrial park. Provided it clears the Tulsa City Council, Peoria-Mohawk Business Park will have its industrial zoning, which paves the way for development on the site. The park is a George Kaiser Family Foundation project that’s scheduled to receive $10 million in Vision funding in fiscal year 2019. The projects goal is to bring 1,000 jobs to north Tulsa.
City Accelerates Vision Tulsa Projects by Using Bonds
Mayor G.T. Bynum and the City Council revealed a schedule in late January for Vision Tulsa economic development projects with anticipated funding in the next five years. The aggressive front-loading for funding the 15-year tax, which voters approved in April, is possible through a series of bonds the city plans to issue beginning this spring. Bynum said many of the projects, including Zink Dam and some related infrastructure, will not only be funded within five years but also completed.