What Can Oklahoma Do Better?

Recently, The State Chamber in Oklahoma released its 2023 Oklahoma Business Leaders Poll, in partnership with the Oklahoma Business Roundtable and the State Chamber Research Foundation. Along with reporting on what Oklahoma businesses and states leaders are doing right to grow its workforce and industry clusters, the report identifies areas to improve and ranks the problems businesses face that are hindering growth. More than 400 business leaders took the poll, which is the largest sampling in the three years since the annual survey began.

issues facing Oklahoma businesses

Workforce and education are the top concern for business leaders, with taxes and incentives polling at a distant second.

what a burden: tax regulations

Oklahoma business leaders find state and federal tax regulations to be a financial burden to their business.

FEDERAL REGULATION BURDEN

Extremely/very burdensome: 40%

Somewhat burdensome: 37% Not a burden at all: 19%

Undecided: 4% STATE REGULATION BURDEN

Extremely/very burdensome: 20%

Somewhat burdensome: 52% Not a burden at all: 23%

Undecided: 4%

Oklahoma business economic trends

The vast majority of Oklahoma business leaders polled plan to expand their businesses or keep them the same size in the coming year.

Tax Reform Priorities

More than a third of business leaders want to see reform in Oklahoma’s individual income tax, while a quarter call for reform on taxes on businesses.