This meeting was the first in a series that the Northwest Oklahoma Alliance Board is hosting to re-engage Northwest Oklahoma communities and support our efforts to grow.

The Oklahoma Academy for State Goals is a statewide nonprofit, nonpartisan, membership organization founded by Governor Henry Bellmon in 1967 to bring public attention to policy issues, provide objective, thorough research and act as a catalyst for positive change. They accomplish this is through their annual Town Hall meeting for which they carefully select 150 Oklahoma leaders from business, politics, and academia to meet for three days and discuss solutions to a specific problem.

On November 14-17, the Oklahoma Academy for State Goals will assemble for their 2010 Town Hall. This year’s topic is “Municipal, Oklahoma.” It will focus on Oklahoma municipalities and the best way these communities can respond to current economic challenges and position themselves for future success.

The Northwest Oklahoma Alliance for economic development is an organization designed to coordinate, consolidate, develop and promote regional resources, and provide a unified voice for Northwest Oklahoma. The meeting is free to all in attendance and lunch will be provided. For more information or to R.S.V.P. contact Lisa Powell at 580-233-4232 or powell@growenid.com.

Read the Strategies for NW Improvement here (pdf)

Read the Strengths and Concerns document here (pdf)

Read the Backround document here (pdf)

Photos from the meeting on July 20th, 2010

 

Examples of membership includes:

• Communities
• Chambers of Commerce
• Economic Development groups
• Individuals

Print our Brochure here

Print the Membership Application here

The NwOA offers several types of membership.

• Communities
• Chambers of Commerce
• Community/Economic Development Groups
• Individuals

Membership requirements are a $100 yearly due and a positive attitude with a willingness to work for the common good of Northwest Oklahoma!

Each Red Pin on the map denotes a member. Click on each Member pin to show information on the member.

Use the Zoom Controls on the map to zoom in and out. This will show more Member pins in each town. Click and Drag to move the map with the mouse.

• Factor: Utilization of Northwest Oklahoma Agricultural or Natural Resources
  The higher the use of Northwest Oklahoma resources, the higher the target business scores on this factor.
  
  
• Factor: Industry or Niche is Growing
  The higher the growth of the target business' industry or niche, the higher the target business scores on this factor.
  
  
• Factor: Market Leadership in Niche or Industry
  By being a market leader, the target business will score higher in this factor.
  
  
• Factor: Customer Base is Diversified or Contracted for Stability
  The target business should not rely upon a few major customers without a strategy that keeps customers loyal. Ideally, the target business should have a diverse blend of customers to score high in this factor.
  
  
• Factor: Owner/Management Available for Transition Period
  After a business is acquired, the ownership or management should be available for specified period to ensure a smooth transition. Sometimes this period can last for several years to ensure customer relationships are maintained and to ensure that the ownership or management does not engage in competive activities that could be detrimental to the newly relocated company.
  
  
• Factor: Management is Identified and Available
  In any new business, management will determine the success of the business. In a business acquisition and relocation, experienced and motivated management must be in place to ensure effective business operations and growth.
  
  
• Factor: Business Size is Manageable
  In many smaller Northwest Oklahoma communities, smaller size new businesses are more appropriate to ensure adequate supply of employees, housing, and infrastructure can be provided for the new business. Also, smaller businesses are often easier to capitalize due to the lower level of funds required for acquisition, relocation, and operation.
  
  
• Factor: Customer Base is not Adversely Concentrated Geographically
  Outbound transportation is often a negative cost factor for Northwest Oklahoma businesses compared to their competitors in higher population areas. Northwest Oklahoma is in a good position for those products that are distributed somewhat evenly in population areas in the United States. Those businesses that have customer bases that are concentrated in a single region far from Oklahoma are not good acquisition candidates unless plans call for expanding distribution to other regions of the country.
  
  
• Factor: Relocation Should Not Be Adversely Disruptive
  If an acquired and relocated business is irreparably harmed by the process of relocation, the business is not a good target. Some businesses require continuous attention to inventories and customer interaction. If the relocation process cannot provide adequate inventory control and customer service, the target business may be adversely disrupted to the point where it is permanently handicapped.
  
  
• Factor: Business Should Operate Better After Relocation
  A feasibility study of any targeted business for acquisition and relocation is necessary. An accurate model based upon past financial data and forecasted operations will be able to provide an idea for potential investors if an acquired and relocated business will operate better in Northwest Oklahoma than in its former location.
  
  
• Factor: Business Should Be Profitable or Capable of Profitability
  Ideally, a target business should be profitable to demonstrate that a return can be obtained for its investors. The positive benefit of evaluating an ongoing business is the availability of past financial information that indicates the viability of the business. Some target businesses have most of the right elements for success such as generous gross margins and proprietary technology, but have not reached a level of revenue that it requires for profitability. Those companies can be obtained at a discount and can be very successful provided the acquiring entity has a solid plan to obtain profitability through management and marketing.
  
  
• Factor: Owner Should Have a Valid Reason for Selling
  Over one million businesses in the United States are offered for sale each year. Roughly one third are sold to buyers. Of the other two thirds that are not sold, approximately 50% of those businesses cease operations within one year. In other words, many companies are distressed and are seeking buyers to remedy their past performance or to augment shortcomings within their operations. Ideally, a small business is put up for sale because the owner is approaching retirement age and that owner has not identified a successor to purchase the business from her or him.

Residents across Northwest Oklahoma recognized the need for an organization to work for the entire region instead of just focusing on certain areas. The Northwest Oklahoma Alliance is an organization designed to coordinate, consolidate, develop and promote regional resources. We provide a platform to unite Northwest Oklahoma.

Northwest Oklahoma exhibits symptoms of out-migration, an over qualified workforce, and a lower than average wage base. In order to find solutions to Northwest Oklahoma's challenges, it will take the combined effort of our communities working as a unified body.

ORGANIZATIONAL PURPOSE

To facilitate the efforts of Northwest Oklahoma leaders to promote economic and community development.

MEMBERSHIP

NWoA is looking for business leaders to help create a vision for the Northwest Oklahoma region. Membership is just $100 a year, and a positive attitude with a willingness to work together for the common good of Northwest Oklahoma!

Examples of membership includes:

• Communities
• Chambers of Commerce
• Economic Development groups
• Individuals

Print our Brochure here

Print the Membership Application here