Oklahoma’s Little Big Town
Broadway Ave. continues in to a downtown area of Edmond, filled with local shops, restaurants, etc. (Ryan Naeve/ The Vista).
Data released by an Edmond Economic Development Agency in April found increases in sectors such as population, taxable sales and commercial permits.
The Edmond Economic Development Authority released data for the sectors in the annual Edmond Economic Abstract. The agency offers resources to help foster business development and economic growth. The 2017 Edmond Economic Abstract showed the city’s demographics, quality of life, workforce, education, business climate and markets data.
Edmond’s 2016 population was calculated to be about 91,743, a 12.7-percent increase since 2010. From the start of the new millennium to last year, the population grew about 34.78-percent, according to the EEDA Communications Director Sarah Dickson. The EEDA predicted projected growth of about 10.74 percent from 2016 to 2021.
Edmond’s population demographics showed people between the ages of 20 to 29 make up the largest figure at 16.1 percent. They are followed closely behind by teens at 14.5 percent and people in their 50s at 13.1 percent.
City Council approved several projects that aid new residents such as new storage facilities, shopping centers and residential land sells.
“It’s a place that still feels small, but it’s not small,” Mayor Charles Lamb told The Vista.
Edmond’s targeted industries for the business climate include wholesale trade, light manufacturing, information and professional, scientific and technical services. The annual abstract also found that the city is thriving in the health care industry, which created about a $225 million economic impact since 2010.
The total taxable sales for Edmond increased about 42.8 percent between 2006 to 2016 from numbers found by the Oklahoma Tax Commission. Taxable sales would include merchandise from retail and services from business, such as hotels, florists and car repairs.
The city invested more than $7.6 million into the Bryant Square shopping center, allowing for renovations and room for new tenants like PDQ. The value of new commercial permits saw a drastic 62-percent decrease in value between 2014 to 2015, but now sits at about $109 million.
“The Abstract is an essential tool for anyone promoting the Edmond area as well as for those considering a move to Edmond,” EEDA Executive Director Janet Yowell said in a press release. “The information provided in the Abstract plays a significant role in a company’s decision to expand their business in Edmond.”
Other data found that Edmond had the lowest crime rate per thousand at 17.21 percent in the OKC Metro. The city’s average household income was at $105,316 compared to United States’ average of $77,008.