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TULSA, Okla.,and LITTLE ROCK, Ark., Aug. 18, 2022
Effort to Advance Transportation and Logistics Technologies Projected to Support Up to 55,000 New Jobs
TULSA, Okla.,and LITTLE ROCK, Ark., Aug. 18, 2022 /PRNewswire/ -- Governors Kevin Stitt and Asa Hutchinson joined together to position the Oklahoma-Arkansas region as a national hub for advanced mobility (AM) with the support of partners Tulsa Innovation Labs and Runway Group. The collaborative effort to support the growth of the AM industry, including drones, electric and autonomous vehicles, battery manufacturing, and transportation and logistics solutions, will create new research and testing space, support local AM startups, attract new companies, and convene industry corporations to test and scale new technologies.
"Oklahoma has a legacy of leadership in aerospace, and I am thrilled with the innovation we are seeing in research and development in autonomous systems and advanced air mobility. I am proud of the work being done by our Aerospace and Autonomous Systems Council, our universities, corporations, and entrepreneurs around our great state in advanced mobility technologies. This partnership gives us the momentum we need for this region to lead the nation into the future of mobility," said Governor Stitt.
With unique urban-rural airspace, legacy aerospace, logistics and retail industries, robust manufacturing workforces, and top-tier university research and military assets, the Oklahoma-Arkansas region is uniquely positioned to establish itself as a national leader in AM. Efforts to grow the industry are projected to support the creation of up to 55,000 new jobs in careers such as software engineering, cybersecurity analytics, drone piloting, vehicle maintenance, and mechanical and industrial engineers. According to the analysis, average earnings in AM are approximately 50% higher compared to other industries in Arkansas and Oklahoma.
"I have seen enough of space-age mobility and technology in Arkansas to know that drones and autonomous vehicles are no longer the stuff of science fiction," Governor Hutchinson said. "Arkansas is rich with business and technology entrepreneurs who are fearless in their pursuit of the future. This partnership will accelerate the work on advanced mobility and further enhance our region's reputation as a leader in technological innovation."
In February 2022, Governor Hutchinson launched the Arkansas Council on Future Mobility, laying the groundwork for this new bi-state AM initiative. The council is chaired by aviator, investor and entrepreneur, Cyrus Sigari, considered one of the world's foremost experts on the future of mobility.
"Moving people and goods cleaner, faster, safer, and at lower-cost will benefit everyone, everywhere," Sigari said. "What is happening here is special: intentional collaboration, meaningful investments, and strategic partnerships like this position the Oklahoma-Arkansas region to become the Silicon Valley of transportation and logistics."
The announcement of this new cross border initiative follows the recent UP.Summit - dubbed the "Davos of mobility" – held June 6 - 8 in Bentonville Ark.. The annual gathering convenes the world's top investors, executives, startups, and founders to discuss everything from battery-electric and autonomous aircraft, drones, electric and autonomous ground vehicles, and groundbreaking space technologies. The UP.Summit is co-hosted by mobility focused venture capital firm UP.Partners, Tom and Steuart Walton, and Ross Perot Jr.
Joining together at the Helmerich Research Center at Oklahoma State University Governors Stitt and Hutchinson signed a Memorandum of Understanding (MOU) to initiate the partnership. Highlights of this joint effort include:
The effort will also leverage the region's rich ecosystem of academic and research partners, such as Oklahoma State University-Tulsa Helmerich Research Center, University of Oklahoma's National Weather Center and Advanced Radar Center, University of Arkansas, Southern Arkansas University Tech, University of Tulsa and military installations Fort Sill and Tinker Air Force Base to build on their experience in the development of sensors, propulsion technology, hydrogen, and battery technologies.
Already underway within the super-region is a joint collaboration being led by Tulsa Innovation Labs, Northwest Arkansas Council, and Runway Group with support from the George Kaiser Family Foundation and the Walton Family Foundation to establish the "412 Corridor" as an Advanced Mobility hub further connecting the two geographies.
The Oklahoma-Arkansas region has driven significant momentum in AM in recent years. Electric vehicle company Canoo, for example, has established a presence in both Northwest Arkansas and Eastern Oklahoma, and recently announced an agreement to provide 4,500 vehicles to Walmart. In South Arkansas, Standard Lithium is actively producing pure battery grade lithium carbonate, further positioning the region as a future leader in this vital element to support the rapid transition to EVs.
In December 2021, The Tulsa Region was named a finalist in the Economic Development Agency's Build Back Better Regional Challenge to develop an Advanced Mobility Cluster.
Recognizing that the jobs of the future are rooted in a thriving innovation economy, the George Kaiser Family Foundation pioneered Tulsa Innovation Labs to develop a city-wide strategy that positions Tulsa as a tech hub that leverages the strengths of the Heartland.Through a diverse coalition of public and private partners, TIL is creating programs that seek to make Tulsa the nation's most inclusive tech community.
Runway is a holding company making investments in real estate, outdoor initiatives, hospitality, and businesses committed to moving Northwest Arkansas forward. Steuart and Tom Walton began their work in Northwest Arkansas more than a decade ago. Since then, they've built a team of visionaries and investment professionals who are leading this region on a path to building a community we can all enjoy now and for generations to come.
As a public comprehensive research university located in Tulsa's Greenwood District, OSU-Tulsa offers Oklahoma State University's world-class academic programs in an urban setting. OSU-Tulsa offers undergraduate and graduate degree programs in areas including business, education, engineering and technology, human services and liberal arts.
Media Contact:
Katie Carpenter
918-704-8543
342873@email4pr.com
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SOURCE Tulsa Innovation Labs
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