Accelerate the success and development of your start-up by enlisting the help of a small business incubator. Incubators provide entrepreneurs with an array of targeted resources, services and professional advice.
The Oklahoma Small Business Incubators Incentives Act enables the tenants of a certified incubator facility to be exempt from state tax liability on income earned as a result of occupancy for up to five years. In 2001, the Legislature amended the act to extend the tenant’s tax exemption from five to 10 years. When they qualify, the exemption remains in effect after the tenant is no longer an incubator occupant. In addition, the act enables the sponsor of a certified incubator facility to be exempt from Oklahoma income taxes for a period of 10 years.
Find an Incubator
Small business incubators are located throughout the state. The Oklahoma Department of Commerce certifies incubators and provides a directory.