Norman, OK

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Norman, OK

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City Description

BIG CITY AMENITIES, COLLEGE-TOWN CHEER, AND SMALL TOWN CHARM MAKE NORMAN A WINNING DESTINATION! As Oklahoma's third largest city with approximately 122,000 residents and home to the University of Oklahoma, Norman is a great place to live, work, shop, play and open a business.

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Key Reasons for Investment

Located along Interstate 35 at the southern edge of the Oklahoma City metro area, Norman is easily accessed by six major interstate exits and state highways 9 and 77. Norman is approximately 25 minutes from downtown Oklahoma City and Will Rogers World Airport. Norman is frequently recognized as a great place to live by national publications and ranks as one of the country most affordable cities. Low cost of living, a highly educated population (42.5% have bachelor's degrees or higher, 19% have advanced degrees) and low unemployment (2.5%) makes Norman a great place to invest.

Current and Future Development

(1) Norman's major commercial development project at this time is the University North Park TIF District. Development of this area includes retail, a conference center & hotels, multi-family housing, and an office park and is a partnership between the City of Norman, the University of Oklahoma Foundation, and private developers. (2) In Spring of 2015, the City of Norman contracted with the Urban Land Institute's Advisory Services Panel to study the reuse of the Griffin Memorial Hospital Site. This site, currently owned by the Oklahoma Department of Mental Health and Substance Abuse Services, compromises approximately 240 acres in central Norman. (3) The University of Oklahoma is also developing a master plan for their vast campus, including significant construction at their University Research Campus. The University Research Campus is currently home to 15 private-sector companies and several federal entities, including the National Weather Center and NOAA's National Severe Storms Laboratory. Collectively, the area is home to over 750 technology and knowledge-based jobs for the community.

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