Reflecting on 2024’s economic successes


As we reflect on 2024, The Alliance for Economic Development is celebrating a transformative year of progress for Oklahoma City. This year’s milestones highlight the power of partnerships and the shared commitment to building a vibrant and inclusive economy.
One major achievement is the upcoming completion of the Convergence Innovation Hall in the Innovation District. Set to open in January 2025, this new technology development and recruitment hub marks a significant step forward in growing many tech and research industries. Visible from downtown throughout construction this year, the project owes its progress to MAPS 4, the OKC Redevelopment Authority (OCRA), and the City of Oklahoma City.
In aerospace, the opening of the Pratt & Whitney Sustainment Center positions Oklahoma City as an emerging industry leader. This facility consolidates operations into one complex at Tinker Air Force Base and represents the company’s largest center in the Western United States in five decades. With Tinker’s status as the U.S. Air Force’s Propulsion Directorate, the city has an ever-growing dominance in aerospace technology.
The city has uniquely positioned itself this year with the acquisition of nearly 1,400 acres near the Clarence E. Page-Cimarron-Yukon Municipal Airport, destined to become a large industrial park. This site is poised to attract major employment opportunities to the metro area.
Affordable housing made significant strides in 2024 that will continue into 2025. Developers broke ground on Alley’s End, a 214-unit affordable housing complex designed for residents earning 30% to 80% of the area median income. The project is expected to be fully leased by summer 2026. Additionally, the Harmony-Marcus Garvey Apartments opened this year, providing housing for seniors earning 50% to 80% of the area median income. The project’s adaptive restoration of a 1920s school building preserves its historic character while meeting the contemporary needs of folks on largely fixed incomes.
Looking ahead, Oklahoma City is advancing discussions on a new GO Bond package, which could exceed $1 billion. This initiative seeks widespread community input to address maintenance and new infrastructure needs democratically. Meanwhile, MAPS 4 projects continue to take shape, as several broke ground this year. These investments aim to create a safer, more connected city that serves residents and businesses alike.
The progress of 2024 underscores Oklahoma City’s commitment to growth and innovation. Through collaboration and strategic investment, the city is poised for an even brighter future as we venture into 2025.
Kenton Tsoodle is the president of The Alliance for Economic Development of Oklahoma City.
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