Business Incentives

Option 1
Quality Jobs Ten-Year Cash Incentive

Oklahoma's Quality Jobs incentive targets manufacturers and certain service industries that have a new payroll investment of $2.5 million or more to receive a quarterly cash payment of up to 5% of new taxable payroll. A lower payroll threshold is available for certain food processing and research and development projects or as a result of locating in targeted areas. Qualifying average wage requirements will vary among counties but do not exceed $28,572.

Small Employer Quality Jobs Seven-Year
Cash Incentive

The Small Employer Quality Jobs incentive allows qualifying small businesses (90 or fewer employees) that are creating new direct jobs within one year to receive up to a 5% cash-back incentive to locate or expand in Oklahoma. The qualifying average wage requirement will vary among counties.

Option 2
Investment/New Jobs Tax Credit Package

Targeted primarily to manufacturing companies, the Investment/New Jobs Tax Credit incentive allows a five-year tax credit on the greater of 1% per year of investment in qualified new depreciable property or a credit of $500 per new job.

Additional Incentives Available with
Options 1 and 2

For comprehensive details on the following incentives, download the Tax Guide or follow the individual links for more information.

• Five-year ad valorem tax exemption
• No-cost or low-cost customized employee training
• Sales tax exemptions
• Freeport inventory benefits
• Industrial access road assistance (limited under Option 1)
• Foreign Trade Zones
• American Indian Land tax credits
• Opportunity zones
• Opportunity fund
• State and local financing programs

Got Questions?

Visit our Incentives Frequently Asked Questions page or contact the Fast Forward Team at 800-588-5959 for personal assistance.

Incentives At A Glance

For a quick glance at all the available incentives and how they work together, see the Incentive Overview Chart on page 43 of the Tax Guide.

Custom Incentive Analysis

The Fast Forward Team will work with you at every step in the process to make your expansion or location decision straightforward and easy. We'll connect you with other state agencies and local communities that can extend the benefits you receive with specialized and localized incentives. Complete our Fast Forward Project Form or call the Fast Forward Team today at 800-588-5959 to get a custom incentives analysis and learn how we can help you.

Contact:

Richard Schwalbach
405-815-5269
800-879-6552