Incentives for Quality Jobs OKLAHOMA QUALITY JOBS PROGRAM – 10 YEAR CASH INCENTIVE Companies can directly receive up to 5% of new payroll in the form of quarterly cash payments for up to 10 years. OKLAHOMA QUALITY JOBS – SMALL EMPLOYER PROGRAM Allows qualifying small businesses (500 employees or less) to receive up to 5% cash-back incentive for up to seven years to locate or expand in Oklahoma. 21ST CENTURY QUALITY JOBS INCENTIVE PROGRAM – 10 YEAR CASH INCENTIVE Created to attract certain growth industries by rewarding businesses with a highly-skilled workforce. Companies can receive up to 10% on new payroll for up to 10 years. QUALITY JOBS & INVESTMENT TAX CREDIT Qualifying companies typically have to choose either the Quality Jobs Program OR the Investment/ New Jobs Tax Credit benefits. Qualifying manufacturing companies will have the option of receiving both of these incentives depending upon eligibility requirements, including and revenue positive determination by the state. STATE INCENTIVES Visit www.GreaterOklahomaCity.com for complete details and requirements associated with incentives.
Incentives for Investment INVESTMENT/NEW JOBS TAX CREDITS Provides growing manufacturers a significant tax credit based on investment in depreciable property or the addition of full-time employees engaged in manufacturing, processing, or aircraft maintenance. A 1% tax credit of qualified investment for five-years totaling 5%. Tax credit doubles in enterprise zones or for investments worth over $40M. BUSINESS EXPANSION INCENTIVE PROGRAM This incentive targets business expansion projects which include job creation and significant investment in facilities, machinery, and equipment.
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