Oklahoma Economy Moving Out of ICU!

January 4, 2011 by Mindy Wood

By all accounts it seems Oklahoma is rebounding from what has been termed the Great Recession. According to Russell Evans, director of the Center for Applied Economic Research with OSU’s Spears School of Business, about 35,000 out of 80,000 workers who lost their jobs at the onset of the recession have returned to the workforce. That’s almost half!

As Oklahoma City and Tulsa begin to close in on the unemployment rate, businesses are not only more optimistic but have learned an important lesson: diversifying their products and services spells more markets or the ability to at least keep their heads above water.

As challenging times bring change, many in the special events industry changed with it and started finding ways to stay competitive. In spite of many Oklahomans tightening their wallets, we saw the trend in hand crafted goods skyrocket. Artists created inexpensive, meaningful products that their customers couldn’t find anywhere else. Caterers, venue directors, entertainers and other industry providers added other services like event planning or goods like party favors and gifts. True creativity and excellent customer service shined even brighter in spite of stricter budgets. SEO vendors stayed at or under those budget without compromising quality for their clients.

Although we’re not out of the woods yet, the last few years have made Oklahomans ever more resilient and creative. We at SEO are proud to represent the spirit of hard work and ingenuity that energizes hope for a brighter future. Keep up the good work and let the good times roll!


Mindy Wood, SEO Feature Writer

 


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