Industry Assets + Advantages
Shifting into High Gear: Oklahoma’s Automotive Accelerator Program
Oklahoma has recently gained the attention of automotive companies worldwide. In response to this surge in interest, the state has developed the Automotive Accelerator Program, which offers qualified companies locating to Oklahoma auto incentives, customized workforce programs, and expedited permitting.
Oklahoma’s Automotive Engineer Workforce Tax Credit
Allows automotive companies hiring engineers in a variety of fields to receive tax credits equal to 5% of the compensation paid to an engineer and 10% if the engineer graduated from an Oklahoma college or university, plus another credit of up to 50% of the tuition reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year.
Training and Job Placement Services and Transferable Skillsets
In addition to customized labor market analysis and talent acquisition services, Oklahoma offers auto companies low-to-no cost workforce training programs to help them quickly ramp up operations. Oklahoma’s two largest industry sectors, aerospace and energy, offer a baseline of skills and knowledge that are easily adapted and retrained to meet the specific needs of auto manufacturers.
Cut the Red Tape
Automotive companies locating to Oklahoma will have the benefit of expedited permitting through the Oklahoma Department of Environmental Quality for accelerated ramp-up of their new operation.
Hear why from Oklahoma Governor Kevin Stitt and Lt. Gov Matt Pinnell.
Southern U.S. Automotive Corridor
OEM Manufacturing Facility
Inland River Port
These Auto Companies Are a Driving Force in Oklahoma
- Spiers New Technologies – Car Battery Refurbishing
- Michelin Tire – Tires
- Goodyear – Tires
- Henniges Automotive – Anti-Vibration Products
Your Site Selection Experts
Contact us today for a confidential, no-cost incentives analysis for your project. Call the Oklahoma Team at 800-588-5959.