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Tulsa Remote study shows big returns for local jobs and economy

Tulsa Remote study shows big returns for local jobs and economy

Recent research has illuminated the impressive impact of Tulsa Remote, a program aimed at attracting remote workers to Tulsa, Oklahoma. Launched in 2018, Tulsa Remote has effectively bolstered the local economy and created job opportunities, revealing a strategy that is proving to be both innovative and beneficial.

Economist Tim Bartik from the Upjohn Institute conducted a pivotal study showcasing that Tulsa Remote’s efforts are yielding substantial returns. The anticipation surrounding the project’s potential is now backed by hard data, affirming that the initiative is not just a fleeting trend but rather a sustainable economic model that revitalizes local communities.

One of the standout findings indicates that for every 100 remote workers relocating to Tulsa, approximately 60 local jobs are generated. Justin Harlan, Managing Director of Tulsa Remote, articulates the program’s transformative impact succinctly: “For every dollar spent on the incentive, there’s a four-dollar return for Tulsans.” This substantial return is significant, especially when contextualized against traditional taxpayer-funded incentives. This economic activity leads to job creation without imposing financial burdens on community members.

Retention rates of the participants further underscore the program’s success. Many new residents are choosing to embed themselves within the community rather than moving after their one-year commitment. Harlan estimates that around 90% of individuals who engage with the program remain in Tulsa beyond their initial year, and among the cohort that arrived since 2019, approximately 75% are still in the area. This reflects not only the allure of Tulsa but also the high quality of life that the city offers, fostering a genuine sense of belonging among newcomers.

The ripple effects of this phenomenon extend to local businesses. New residents are amplifying the economic landscape by supporting and establishing local enterprises, leading to increased tax revenue without necessitating additional financial incentives. Harlan emphasizes that this influx of talent also translates into increased consumer spending, from cozy coffee shops to vibrant bars, to local entertainment venues. This surge in demand enhances job creation, fulfilling the needs of the burgeoning population.

Tulsa Remote’s model has gained national recognition and is being replicated across the country, signifying a shift towards innovative strategies to stimulate local economies. Nearly 70 similar programs have emerged nationwide, each adding its unique spin to the concept. Harlan notes the emergence of platforms like makemymove.com, which catalog various initiatives aimed at attracting remote workers. While many options exist, he believes that Tulsa boasts compelling qualities that set it apart in this competitive landscape.

In light of these findings and the program’s continued success, Tulsa Remote remains open to welcoming new participants. The opportunity is still alive for remote workers considering a life in Tulsa, further enriching the city’s diversity and economic vibrancy. Interested individuals can find more information and apply at TulsaRemote.com.

In conclusion, the progressive approach of Tulsa Remote not only exemplifies how a city can innovate to attract talent but also highlights the profound economic benefits such strategies can produce. By fostering a community where remote workers can thrive, Tulsa is paving the way for a brighter, more sustainable economic future—anchoring itself as a model for other cities to emulate. The data speaks volumes, and the spirit of Tulsa continues to shine as a beacon of opportunity and community.

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