INTERNATIONAL TRADE IN OKLAHOMA OKLAHOMA’S TOP EXPORT COUNTRIES
INCENTIVES
Companies locating or expanding in Greater Oklahoma City have access to a variety of world-class local and state incentives that help foster growth and ensure success in our community. Our region has continually invested its resources in fostering a healthy and robust business climate. You can get more in-depth info about these various programs at www.greateroklahomacity.com/incentives or www.okcommerce.gov/doing-business/business- relocation-expansion/incentives .
Country
2024 Exports 1-Year Growth 10-Year Growth Share of Total Trade
Canada Germany
$1,853,510,656 $721,041,434 $606,399,860 $467,361,424 $388,838,077 $356,050,397 $312,905,327 $304,843,481 $248,289,140
-1% 21% -4% 45%
18.0% 158%
24%
9% 8% 6% 5% 5% 4% 4% 3% 3% 3%
STATE INCENTIVES INCENTIVES FOR QUALITY JOBS
Mexico
7%
TAX EXEMPTIONS Companies in manufacturing, warehouse & distribution, certain computer/data processing services, refinery and aircraft repair could be exept from add valorem taxes for 5 years. Additionally, manufacturers could be exempt from paying sales tax on the purchases of machinery and equipment, energy and tangible personal property used in the design, development and the manufacturing operation at the manufacturing site. OTHER ASSISTANCE PROGRAMS Opportunity Zones, New Market Tax Credits, Foreign Trade Zones, Export Assistance, Freeport Inventory Benefits, Infrastructure Grants, American Indian
Netherlands
189% 329%
Companies could receive a cash rebate in the form of quarterly cash payments for a number of years depending on the quantity of jobs created and the average annual wages. INCENTIVES FOR INVESTMENT Manufacturers could receive a tax credit for significant investments in depreciable property or in the addition of full-time employees engaged in manufacturing, processing or aircraft maintenance. INCENTIVES FOR EXPANDING OKLAHOMA COMPANIES Local companies that are expanding and creating new jobs and making
Brazil Japan
208%
36% 31% 47%
56%
Australia
158%
Singapore
34%
Saudi Arabia
261%
137.0%
United Kingdom $246,569,249
17% 35%
120%
Norway All Other
$227,428,340 $2,012,473,495
1302%
11%
13%
26%
OKLAHOMA’S TOP EXPORT CATEGORIES TOP OKLAHOMA EXPORTS
Oklahoma's Top Exports
significant investments in facilities, machinery and equipment, may be eligible for incentive dollars. INCENTIVES FOR WORKFORCE Aerospace or automotive companies that hire engineers could receive a tax
Lands Tax Credit and Industrial Access Road Assistance. LOCAL INCENTIVES The City of Oklahoma City’s Strategic Investment Program (SIP) is a deal-closing
Aircraft, Spacecraft, & Parts ($1.4), 18%
Electric Machinery ($863M), 11%
Plastics ($236M), 3%
Medical or Surgical Instruments ($346M), 5%
Vehicles & Parts ($247M), 3%
Nuclear Reactors, Industrial Machinery, & Parts ($2.5B), 33%
fund that provides companies with a cash award based on the quantity and quality of newly created jobs and capital investment made within the city limits. The company must hire a minimum of 50 employees, produce an annual payroll of 1.75 million and exceed specific average wage thresholds. Additionally, other communities in the region offer different local incentives such as TIF districts, build- to-suit programs, property specific incentives and more. The Greater Oklahoma City Chamber can connect you to local community incentives and resources.
credit based upon the compensation paid to the engineer. Additionally, the individual engineer hired could receive a tax credit. A cybersecurity or software employee could also receive a tax credit. Incentive dollars are also available to support the workforce recruitment process and customized training needs of qualifying new and expanding Oklahoma companies.
All Other ($2.13B), 28%
Source: U.S. Census Bureau Foreign Trade Division data, 2024
FOREIGN TRADE ZONES Foreign-trade zones are designated sites licensed by the FTZ Board at which special customs procedures may be used. These procedures allow domestic activity involving foreign items to take place prior to formal customs entry. These zones offer significant cost and time savings for companies. FTZ 106 - The Oklahoma City Port Authority operates Foreign-Trade Zone #106 under the grant of authority from the United States Foreign-Trade Zone Board to promote economic development throughout the Greater Oklahoma City. FTZ #106 serves a 22-county region in Central Oklahoma. There are four FTZs in Oklahoma.
Source: ForeignTradeZone106.org, International Trade Administration
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Oklahoma City BY THE NUMBERS 2025
Oklahoma City BY THE NUMBERS 2025
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