Economic Outlook in Tulsa

As headquarters to more than 500 petroleum companies, Tulsa has been called the oil capital of the world. Oil led to the city's boom in real estate and its growth in banking, and most of the city's income is derived from the petroleum industry.

Located in northeastern Oklahoma on the Arkansas River, Tulsa has a multi cultural population estimated at more than 380,000. In addition to oil-related industries, it is a commercial, financial, and manufacturing center--home to leading companies involved in aviation and aerospace, computer technology, telecommunications, fabricated metals, insurance, and electronics. Also important to the city's economy are aircraft maintenance, data processing, and tourism. Livestock as well as corn and wheat are produced in the agricultural region along the Cimarron, a tributary of the Arkansas.

Tulsa's major inland deepwater harbor is nearby Port of Catoosa. The McClellan-Kerr Arkansas River Navigation System links the area to the Gulf of Mexico and much of the interior United States. The city also is served by Tulsa International Airport. Its many institutions of higher learning include the University of Tulsa, with its renowned program in petroleum engineering and its large number of research facilities.

The city's many points of interests include a zoological park; the La Fortune North American Living Museum, featuring a large exhibit of Native American artifacts and a collection of art related to the American West; the Philbrook Museum of Art; and the Municipal Rose Gardens. Tulsa is rich in cultural and entertainment facilities: the Tulsa Performing Arts Center, home of the Tulsa Philharmonic Orchestra; a ballet theater and opera; rodeos; Expo Square, which houses the large Exposition Center; an amusement park; and the Fair Meadows horse-racing complex.

The area was occupied in 1836 by the Creek people forced to leave Alabama by the Indian Removal Act of 1830. Originally, the site was called Tulsee Towne, derived from Tullahassee, the Creek name for "old town." Soon after the railroad arrived in 1877, the area was settled by whites. Its name was changed and it was incorporated in 1898. The city's growth and prosperity were assured with the discovery of oil deposits in the vicinity. The city enjoyed rapid growth again during the period when industries supporting the U.S. effort in World War II were established in the area.

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Links To Great Web Sites!
These United States - Resources and Related Information for Oklahoma.
A to Z Home Buying and Selling Real Estate Guide - Vendema
Abacus Real Estate Foreclosures Guide