New & Expanding Employers
Norman’s business climate is particularly capable of handling economic downturns due in part to the low costs of doing business relative to other parts of the country. These low operating costs have attracted new businesses and induced existing businesses to expand in Norman. Notable examples of new and recently expanding businesses include:
Agio specializes in managing IT services for hedge funds, which supports upwards of 5% of the daily volume on the U.S. equity market. Agio opened its official operational headquarters on the University of Oklahoma Research Campus and created 39 new jobs.
Cimarron Energy, Inc.
Cimarron is a leading designer and manufacturer of natural gas production and processing equipment. Cimarron’s latest expansion, which generated over 140 new jobs, was initiated by their approval for participation in the state’s Quality Jobs Program. This state incentive program gave Cimarron quarterly cash rebates of up to 5% of taxable wages for up to 10 years.
Evans Enterprises Inc.
Evans Enterprises is a family-owned company that started repairing electric motors in the 1950's. Evans Enterprises Inc. added a cluster of buildings on a 13-acre lot worth an estimated $8 million, giving its employees more space to do business.
Hitachi Computer Products
In January 2010, Hitachi announced a 200,000 sq. ft. expansion of its Norman facility. This expansion was a more than $20 million investment project that consolidated Hitachi’s U.S. distribution operations, relocating all North American and South American functions from Indianapolis to Norman. This expansion saved 300 jobs and has created an additional 75 jobs.
Founded in 2011, NextThought offers products and services that enhance online education through engaged learning communities. After starting in NEDC’s business incubator, the company graduated in 2012 and has created 38 new jobs.