Oklahoma business briefs: Nov. 13, 2012

Oklahoma business briefs: Nov. 13, 2012
Published: November 13, 2012
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Matrix gets $12M in N.J. contracts

A Matrix Service Co. subsidiary has been awarded more than $12 million worth of contracts for high-voltage transmission line work in New Jersey, the company announced Thursday. Matrix SME will remove and install more than 200 wood and steel power poles, and rebuild several miles of existing transmission lines. “These project awards further demonstrate the company's capabilities in the transmission and distribution industry, as well as our commitment to growth within our electrical infrastructure segment,” Matrix CEO John Hewitt said.

Norman's cost of living praised

Norman was ranked the second least expensive U.S. city to live in, according to the most recent 2012 Cost of Living Index, which is published quarterly by the Council for Community and Economic Research. The most affordable city, according to the ranking, was Harlingen, Texas; the most expensive city to live in is New York. “Norman has such a high quality of life it is surprising the city is so affordable; this will be a great tool to assist us in our recruiting efforts,” said Don Wood, executive director of the Norman Economic Development Coalition. The index uses data on prices of consumer goods and services in each city, but excludes taxes and nonconsumer expenditures. Key categories include housing, utilities, groceries, transportation, health care, and miscellaneous goods and services.

From Staff Reports