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List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]
  • The Quality Jobs Program (QJP) gives qualifying companies quarterly cash rebates of up to 5% of taxable wages for up to 10yrs. The incentive is open to manufacturers and certain service companies with new payroll investment of $2.5 million or more. A lower payroll threshold is available for certain R&D projects as a result of locating in targeted areas. Qualifying average wage requirements vary between counties, but do not exceed $29,409.
  • 21st Century QJP, which pays up to 10% cash-back on new jobs up to 10yrs.
  • Prime Contractor Incentive, which pays incentives to primes when they subcontract to Oklahoma companies by offering quarterly cash payments of up to 2% of the Oklahoma workforce loaded labor cost for up to 10yrs.
Tax exemptionsMore [+]Less [-]
  • Investment / New Jobs Tax Credit Package is targeted to manufacturing companies. The incentive allows a five-year tax credit on the greater of 1% per year of investment in qualified new depreciable property or a credit of $500 per year per new job. These credits double in an Enterprise Zone.
  • Five-Year Ad Valorem Tax Exemption is available for advanced manufacturing, research and development, warehouse and distribution, certain computer/data processing services, refineries, aircraft maintenance and repair, and wind power and other renewable/alternative energy.

Other sales tax exemptions and additional incentives foreign companies may qualify for include:

  • Foreign Trade Zones.
  • Freeport Inventory Benefits.
  • Industrial Access Road Assistance.
  • State and Local Financing.
  • Enhanced Incentives for Locating in Opportunity or Enterprise Zones.
  • Accelerated Depreciation and Employment Tax Credits for locating on former Indian lands.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Commerce's all-new LocateOK - GIS Buildings & Sites online database showcases hundreds of buildings, including the ability to view proximity to intermodal transportation and resources.
  • Widely regarded as one of the most experienced economic development groups in the industry, the Oklahoma Fast Forward team offers companies and consultants single-point project management from start to finish.
Training and labor market assistanceMore [+]Less [-]

Oklahoma offers Customized Employee Training. Oklahoma’s nationally lauded Training for Industry Program (TIP) is a no-cost/low-cost way for companies creating jobs in Oklahoma to get a skilled, focused, and motivated workforce. Services include:

  • Job Analysis and Training Needs Assessment.
  • Instructional Materials and Development.
  • Instructors.
  • Training Facilities.
  • Pre-employment training to demonstrate the skills of potential employees before they’re hired.
  • Post-employment technical and team-based training.
Loan guarantees, cheap loans or financeMore [+]Less [-]
  • The Oklahoma Community Economic Development Pooled Finance incentive creates a bonding incentive that targets job creation and infrastructure development aid.
  • CDBG/EDIF - Grants of up to $500,000 for business expansion or up to $1 million for new companies based upon new jobs and leverage.
  • Tax Increment Financing - varies by location.
  • Local incentives - varies by location.
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Aerospace Industry
  2. Clean Energy (Wind, Solar, Geothermal, CNG and BioEnergy)
  3. Biotechnology
Sectors specific incentivesMore [+]Less [-]
  • The Quality Jobs + Investment Tax Credit incentive creates an incentive that targets manufacturing industries that have large capital investments in addition to creating highly skilled jobs.
  • QJP for Wind Industry offers up to 5% cash back quarterly of new taxable payroll or a tax credit on investment or new jobs (Investment/New Jobs Tax Credit).
  • A 5-Year Ad-Valorem Property Tax Exemption is available for qualifying manufacturing companies.
  • Companies that support, repair, and maintain wind energy facilities and wind-related companies are now eligible for Quality Jobs benefits.
  • Aerospace Industry Engineer Workforce Tax Credit, Aerospace companies hiring engineers may receive a tax credit of up to 10% of the compensation paid to an engineer during the first 5yrs of employment.

Sponsorship

If you are the authorised promotions agency for Oklahoma and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.