Reindustrialize Oklahoma Act

Who is eligible?

To be considered for an ROA-25 investment rebate, a primary establishment must meet specific criteria: 

• It must submit an application to the Oklahoma Department of Commerce that outlines a capital expenditure plan of at least  

• $2 billion and a new job creation plan for at least 700 new jobs. 

• The establishment must be primarily engaged in Industry Sector Nos. 31 through 33 of the NAICS Manual. 

• It must be qualified to receive payments under the Oklahoma Quality Jobs Program Act and have filed all required Oklahoma tax returns.

Job Requirements: The act defines a “new direct job” as a full-time position that did not exist in the state within six months prior to the application’s approval. The job thresholds for the rebate are 700 new direct jobs in year one and 1,000 new direct jobs each year thereafter for the remainder of the rebate payment period. 

Investment Rebate Payments: The investment rebate is equal to 1/15th of the payout value of a financial instrument purchased by the state. This same payment amount will be issued annually for the subsequent 15 years, provided the establishment remains eligible. An establishment that receives an ROA-25 investment rebate is not eligible to receive quarterly incentive payments under the Oklahoma Quality Jobs Program Act for the same project. 

Administration: The Oklahoma Department of Commerce is responsible for administering the program, including submitting an annual report to the Oklahoma House of Representatives Speaker, the President Pro Tempore of the Oklahoma State Senate, and other state officials. The Department of Commerce and the State Treasurer are also authorized to create rules to implement the act.  

Disqualification: The Department of Commerce will disapprove any applications or claims that would exceed the anticipated funds in the ROA-25 Beneficiary Revolving Fund. Additionally, the same investment expenditure cannot be used to qualify more than one establishment for a rebate. After the act expires, any remaining unencumbered funds will be transferred to the State General Revenue Fund.