SSON-OKC Future of Work White Paper

Cost per FTE Oklahoma City has the lowest Cost per FTE compared to Tampa, Atlanta, Minneapolis and Nashville. Cost per FTE is the average monthly cost of a full-time employee (FTE) hired in a Shared Services Center in a particular city, taking into account salary & overhead operations costs.

Co-located data centers offer advantage One of the city’s top data centers is located within a 1.6 million square foot campus that currently houses several SSCs and business operations, too (see map). Having the data center on-site has been a tremendous advantage for those SSCs that have chosen to locate within the campus – as well as others that utilize the data center’s colocation services / opportunities. Newworkforce- focused tax credit SOFTWARE/CYBERSECURITY WORKFORCE TAX CREDIT Software or Cybersecurity employees of an Oklahoma qualifying employer with a degree/ certificate from an accredited program, can receive a tax credit of up to $2,200 annually for up to 7 years.

Monthy Cost of SSC FTEs

$3,000 $2,500 $2,000 $1,500 $1,000 $500

0

Finance & Accounting

HR

Marketing Procurement Supply chain

Oklahoma City, Oklahoma, United States

Nashville, Tennessee, United States Minneapolis, Minnesota, United States

Atlanta, Georgia, United States Tampa, Florida, United States

Source: SSON Analytics City Cube (Aug 2020)

Tax Comparison When it comes to taxes associated with doing business, Oklahoma offers a great tax structure that is very lucrative to organizations: (Note: a low ranking is most favorable)

Top SSC Cities in the United States

Unemployment Insurance Tax Rank

Corporate Tax Rank Property Tax Rank

OKLAHOMA CITY, OKLAHOMA, UNITED STATES

8

1

19

NASHVILLE, TENNESSEE, UNITED STATES

24

31

24

ATLANTA, GEORGIA, UNITED STATES MINNEAPOLIS, MINNESOTA, UNITED STATES TAMPA, FLORIDA, UNITED STATES

6

28

39

26

44

34

9

13

2

Source: Tax Foundation 2020 State and Business Tax Climate Index; Rank 1 indicates lowest tax

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