LOCAL INCENTIVES OKLAHOMA CITY STRATEGIC INVESTMENT PROGRAM (SIP)
ADDITIONAL REGIONAL COMMUNITY INCENTIVES In addition to Oklahoma City’s SIP, other communities in the region offer several different local incentives to qualifying companies that complement those available from the state. These include TIF districts, small business start-up packages, opportunity zones, build-to-suit programs, and loan & grant packages. The Greater Oklahoma City Chamber can connect you to incentives and resources available in communities throughout the entire region. For more information visit www.greateroklahomacity.com/ incentives . Individual cities within the Partnership region may have additional incentive programs available.
The SIP is a deal-closing fund that provides companies with a cash award based on newly created jobs within Oklahoma City. Qualifying companies would need to meet specific job and payroll thresholds and hire a minimum of 50 full-time employees and produce an annual payroll of $1.75 million. Firms must also meet or exceed specific average wage thresholds. The City’s grant will be performance based, tied to the company’s actual job creation and capital investment. Potential grant amounts will be based on available funds at the time a company applies for an award through this program.
*All incentives subject to revision
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