Taxis are among the most highly regulated local businesses. Cities not only license drivers, vehicles and taxi companies, but often control the market by create commoditized medallians or local franchises that restrict the entry of new taxi companies into their cities. Accordingly, anyone involved in the taxi business can expect some serious paperwork, fees and licensing processes.
Oklahoma City's economy is powered by energy. Oil and natural gas are major exports of the state and the red hot center of the industry is in the capitol city. As a result, Oklahoma City tends not to feel recessions and economic dips nearly as badly as the rest of the country. Entrepreneurs will find licenses and regulations fairly simple and straightforward with only minimal requirements.