Tulsa’s $10,000 Incentive Attracts Remote Workers and Revitalizes the City
Tulsa, Oklahoma, once known as the “oil capital of the world,” is experiencing a surprising transformation. Thanks to the Tulsa Remote program, the city is welcoming a wave of skilled remote workers, including engineers and tech developers. With an enticing $10,000 incentive, these newcomers are not just boosting their bank accounts but also helping to tackle Tulsa’s brain drain problem.
The Tulsa Remote Program: A Game Changer
Since its launch, the Tulsa Remote initiative has attracted around 3,000 new residents from 2020 to 2023. Participants in the program receive $10,000 to move to Tulsa, making it a financially appealing option. This research, shared by Harvard Business School professor Prithwiraj Choudhury, highlights the positive impact of these newcomers on the local economy.
Choudhury surveyed over 1,200 individuals, including 400 Tulsa Remote participants and 800 applicants who didn’t move to the city. The results showed that participants saved an average of $25,000 on housing costs compared to those who remained in other areas. With Tulsa’s median home price at around $239,000—significantly lower than the national median of $428,000—it’s no wonder many are making the move.
Economic Benefits for Tulsa
The influx of remote workers has resulted in substantial financial benefits for the city. Between 2018 and 2021, these knowledge workers contributed $14.9 million in annual tax revenue and $5.8 million in sales taxes. Beyond the numbers, Tulsa Remote participants are more active in their communities, volunteering more than those who did not move to the city.
In another fascinating study, researchers paired local residents with newcomers to create business plans. They discovered that these mixed pairs produced more community-focused ideas. About 25% of the 125 proposed plans are currently seeking funding and incorporation, including innovative ventures like a new sober bar.
A Thriving Community and Cultural Scene
The growth in Tulsa’s population is not solely attributed to the Tulsa Remote program. The city is becoming an attractive destination in its own right, bolstered by its affordability and vibrant arts and culture scene. New residents are helping to rejuvenate the local economy with their six-figure incomes.
Jhonathan Vazquez, a co-founder of a healthcare startup, moved from Houston to Tulsa in 2021. He shared his experience: “In Tulsa, we rent a house with a backyard. My wife got pregnant, and we were able to afford to stay in the city. If we were still in Houston, we would have had to move out.”
Navigating Housing and Gentrification Concerns
As more remote workers flock to Tulsa, concerns about housing availability and gentrification are emerging. The city is home to the historic Greenwood District, once known as Black Wall Street, which has faced threats from encroaching downtown businesses. Tulsa Remote is aware of these challenges and offers resources to help participants make informed housing decisions. The program also collaborates with local Realtors and lenders to promote equitable housing practices.
Despite these challenges, Choudhury believes that gentrification is not yet a pressing issue. Only about 500 Tulsa Remote participants have purchased homes in the city since the program started, while more than 20,000 homes have been sold over the same period.
Looking Ahead: Sustainable Growth
Tulsa Remote is piloting new initiatives, such as a program for digital nomads that offers a month-long stay in fully furnished apartments and access to co-working spaces. Additionally, they are exploring options for “boomerangs”—former residents looking to return to Tulsa.
Harlan, a leader in the program, emphasized the goal of eventual self-sustainability. “We don’t want to pay people to move here forever,” he stated. “The hope is that Tulsa’s charm and opportunities will naturally attract new residents without the need for financial incentives.”
Conclusion: A Bright Future for Tulsa
The Tulsa Remote program is not just about offering money to newcomers; it’s about creating a vibrant community that thrives on collaboration and innovation. As Tulsa continues to grow and evolve, the city is well on its way to becoming a sought-after destination for skilled professionals.
With affordable living, a supportive community, and a burgeoning economy, Tulsa is proving that it can compete with bigger cities. As the program progresses, the goal is to make the allure of Tulsa so strong that financial incentives become unnecessary.
Join the Movement!
Whether you’re a remote worker looking for a new home or someone curious about the positive changes in Tulsa, now is the time to discover what this heartland city has to offer.
