Accelerate Oklahoma
Access to capital for Oklahoma’s emerging, high growth entrepreneurs has taken a big leap forward with a joint initiative between i2E, Oklahoma Department of Commerce and the U.S. Treasury Department that created three investment funds totaling $13.2 million.
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CDBG-EDIF
The Community Development Block Grant/Economic Development Infrastructure Financing (CDBG/EDIF) program is a powerful tool to help communities grow jobs, enable new business startups and expansions for existing businesses. The types of projects funded are publicly owned and maintained improvements that will provide basic infrastructure services to a new or expanding business, including water, wastewater, transportation improvements, and rehabilitation and new construction of publicly owned industrial buildings. Contact Scott Myers to learn more.
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Citizen Empowerment Programs
The Oklahoma Department of Commerce plays an integral role in designing and administering Human Development funding programs to support communities, agencies, and individuals improve the quality of life in Oklahoma. For many programs, state appropriated funds are distributed equitably to the Community Action Agencies (CAAs) serving all 77 Oklahoma counties.
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Featured Content & News

1Quality Jobs Program Mid-Year Review

OKLAHOMA CITY — Since its inception in 1993, the Quality Jobs Program has issued more than 612 contracts to locating, expanding and start-up businesses and brought thousands of jobs to Oklahoma. This last December saw more Quality Jobs participants than any single month in the programs 19-year history and fiscal year 2012 is set to meet or beat the previous year’s numbers. With the current fiscal year at the half-way point, the Quality Jobs Program is set to meet or exceed fiscal year 2011’s benchmarks.

2STEP Grant Application Process Opens December 5th

OKLAHOMA CITY — As part of the recently awarded State Trade and Export Promotion (STEP) grant pilot project, the Oklahoma Department of Commerce will begin taking applications from Oklahoma small businesses for the Oklahoma STEP Forward Enhancement Fund from Dec. 5, 2011 to Feb. 10, 2012.

3STEP Fund

The Oklahoma STEP Forward Enhancement Fund is part of the State Trade and Export Promotion (STEP) Grant Program which is an export promotion initiative to make matching-fund grants for states to assist “eligible small business concerns”. The intent of this program is to increase the number of small businesses that are exporting, and to increase the value of exports for those small businesses that are currently exporting. This grant is funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA) under the Small Business Jobs Act of 2010, Section 1207.

4NE Oklahoma Region Receives Work Ready Certification

August 8, 2011 -- Fourteen Oklahoma counties recently added an important tool in their job creation kits when they received "Work Ready" recognition from the Oklahoma Department of Commerce.
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5Oklahoma Receives Money to Help Small Businesses

July 27, 2011 -- Oklahoma Department of Commerce Secretary Dave Lopez and the U.S. Treasury Department announced today that Oklahoma has been approved to receive $13.2 million in State Small Business Credit Initiative (SSBCI) funds.
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