Business Incentives
Free Workforce Training and Job Credits
- "The state jobs credit is very
effective. The state is basically rebating some of the taxes that
are assessed to employees directly back to the companies. This
helps to develop industries that have high paying jobs."
-Carl Gibson, CFO of Ekips
- Quality Jobs Investment Program offers dollar for dollar fund
matching for an investment enterprise's private capital.
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- Investment and New Jobs credit based on the accumulation of
depreciable property or the creation of new jobs
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- Technology transfer exclusions based on royalties earned from
the transfer of technology to Oklahoma businesses
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- High-tech income tax credits available for businesses showing
an increase in computer, data processing, or research and
development jobs
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- Inventory exemptions on goods imported and exported from the
state within nine months
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- Ad valorem property tax exemptions for qualified companies for
up to 5 years
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- Sales tax exemptions on machinery used in design, development,
and manufacturing
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- Sales tax exemptions on tangible property for spaceport
use
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- New product development exemptions based on royalties earned
from new products (dependent on registration with the Oklahoma
Center for the Advancement of Science and Technology, OCAST)
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- Incubator tenant and small business credits provide incentives and tax credits for emerging businesses for periods of up to ten years
