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Ada Jobs Foundation 
 Economic Report
October 2010Issue No. I 
Greetings!

Welcome to the very first issue of the Ada Jobs Foundation's Economic Report. This monthly newsletter will feature upcoming business events, highlight recent news stories about business successes in our area, and provide you with an economic snapshot of the Ada area. Please feel free to forward this email to your friends and coworkers.

Sincerely,

Your Friends at the Ada Jobs Foundation
Upcoming
 Events

Retention Convention

 Keeping Top Talent in Manufacturing

 

There will be a Employee Retention Workshop specific to manufacturers held on Tuesday, October 26, 2010  from 8:30 am to 12:30 pm in McAlester. This event, "A Retention Convention - Keeping Top Talent in Manufacturing," will feature Kristine Sexter.  Sexter is an expert in helping companies deal with and correct employee retention and turnover problems.  Registration costs are $39 or $29 each for 3 or more from the same company. Lunch is provided.

To register email or call Atonya Stites at Astites@KTC.edu or 918 426-0940.

SBA 2011 Small Business Awards

Oklahoma Nominees Sought

  

The U.S. Small Business Administration-Oklahoma District Office is seeking successful and inspiring entrepreneurs to represent the state in the 2011 Regional and National small business award competitions.

 

All nominations must be postmarked or hand delivered to the Oklahoma District Office no later than Friday, November 12, 2010. For a copy of the full nomination criteria, contact Darla Booker, darla.booker@sba.gov. Nomination guidelines and forms can also be downloaded electronically at www.sba.gov/ok.

In The
News
OCU Business School Honors Governor Anoatubby
 
Oklahoma City University's Meinders School of Business honored five local business leaders at the annual Oklahoma Commerce & Industry Hall of Honor.

    Governor Bill Anoatubby of the Chickasaw Nation was the recipient of the Chairman's Award. 

 

Read More....

GAMI/TATI Earn Governor's Manufacturing Leadership Award
 

   The Ada-based partnership of General Aviation Modifications and Tornado Alley Turbo has earned the prestigious Governor's Manufacturing Leadership Award.

   Each year, Governor Brad Henry bestows awards on a select few Oklahoma manufacturers in recognition of their pacesetting standards. The award-winning companies must be progressive, forward-thinking, and willing to adapt to change to become more successful in their marketplace.


Read More...
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Economic Indicators
Unemployment Rate (Aug) 
  Ada MSA -  5.2%
  Oklahoma -  6.9%
  United States -  9.6%

Labor Force (Aug) 
  Ada MSA -  20,600
  Oklahoma -  1,756,680
  United States - 154,110,000

Building Permits (Sept) 
  City of Ada - $608,798

Sales Tax Collections
 City of Ada - $1,164,233
 Pontotoc County - $251,643

Use Tax Collections
 City of Ada - $53,923

Lodging Tax Collections
 Pontotoc County - $19,009


The Ada Unemployment Rate decreased from July to August, while the state and national rates increased slightly during this same period. Ada's rate also showed a decrease from August 2009.

Sales tax revenue for the City of Ada for October was slightly down (3.3%) from 2009. However, fiscal year totals are up approximately 8% from last fiscal year.
 
Building permit values for the calendar year are over $22.8 million and indicate a significant increase (124.3%) from last calendar year.

Contact Us

209 West Main
Ada, Oklahoma 74820
(580) 235-0070