State Incentives

The state of Oklahoma is nationally recognized for its aggressive business incentives available through the Oklahoma Department of Commerce. The agency’s professional staff works hand-in-hand with the BDA to deliver quick, accurate information with a minimum of paperwork and bureaucratic hassles. Major programs include:

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Posted on:
Aug 19, 2018

Oklahoma Incentives and Tax Guide

Get comprehensive, up-to-date information on Oklahoma’s business incentives and taxes.

Category: State Incentives

Posted on:
Aug 19, 2018

Quality Jobs Program

This incentive targets manufacturers and certain service industries that have an annual new payroll investment of $2.5 million or more to receive a quarterly cash payment of up to 5 percent of new taxable payroll. A lower payroll threshold is available for certain food processing and research and development projects, or as a result of locating in targeted areas. Qualifying wage requirements would be the...

Category: State Incentives

Posted on:
Aug 19, 2018

Small Employer Quality Jobs Program

The Small Employer Quality Jobs Program provides quarterly incentive payments to a qualifying small employer (90 employees or less). Quarterly payments may be as much as 5% of new taxable payroll for up to 7 years. Qualifying payroll must be attributable to annual salaries that are at least 110% of the average wage of the county in which the jobs are located. Qualifying companies must...

Category: State Incentives

Posted on:
Aug 19, 2018

21st Century Quality Jobs

Oklahoma’s 21st Century Quality Jobs offers incentives to businesses with a highly skilled, knowledge-based workforce. For qualifying companies, this unique incentive would pay businesses cash back, up to 10 percent of payroll, for up to ten years for the creation of at least 10 jobs with an average wage of $99,485 annually or higher, depending on county.

Category: State Incentives

Posted on:
Aug 19, 2018

Investment/New Jobs Tax Credit Package

Investment/New Jobs Tax Credits provide growing manufacturers a significant tax credit based on either an investment in depreciable property or on the addition of full-time-equivalent employees engaged in manufacturing, processing, or aircraft maintenance.

Category: State Incentives

Posted on:
Aug 19, 2018

Customized Employee Training

Oklahoma’s Training for Industry Program (TIP) is a no-cost/low-cost way for new or growing companies that create jobs to get a skilled, focused and motivated workforce.

Category: State Incentives

Posted on:
Aug 19, 2018

Business Expansion Incentive Program

The Business Expansion Incentive Program assists Oklahoma companies making major capital investments in depreciable items like machinery, equipment and buildings. This incentive makes annual cash payment awards to help companies grow and boost business expansion investments in Oklahoma. A typical incentive award is to a manufacturing company with an existing employee base making an investment of $5 million or more to expand their...

Category: State Incentives

Posted on:
Aug 19, 2018

Aerospace Engineer Workforce Tax Credit

Aerospace companies hiring engineers in a variety of fields will receive a tax credit equal to five (5) percent of the compensation paid to an engineer until January 1, 2026, or ten (10) percent if the engineer graduated from an Oklahoma college or university (up to $12,500 per employee per year), plus another credit of up to fifty (50) percent of the tuition reimbursed to...

Category: State Incentives

Posted on:
Aug 19, 2018

American Indian Lands Tax Credit

Federal legislation clarifies the location of special American Indian lands in Oklahoma that qualify for related tax credits benefiting new and established businesses in Oklahoma.

Category: State Incentives