Incentives

State and County Level Business Incentives Programs

Economic Incentives for Rogers CountyOklahoma is globally recognized for its outstanding incentive programs and pro-business environment. Businesses can choose between a cash incentive or a tax credit package, and in some cases, qualifying businesses can take advantage of both programs.

While most of these economic incentive programs are through the Oklahoma Department of Commerce, there may be some county or tribal incentives available specific to Rogers County. Our RCIDA team will be glad to help you identify opportunities for your new or growing business.

View all Oklahoma state level incentives programs:  http://stateofsuccess.com/incentives/

 

QUALITY JOBS PROGRAM
This cash-back job creation incentive has moved the State of Oklahoma to the forefront as a location for new manufacturing and service industry investment. The innovative Oklahoma Quality Jobs Program allows qualifying businesses creating quality jobs to receive a special incentive to locate or expand in Oklahoma.

http://okcommerce.gov/assets/files/incentives/Quality_Jobs_Guidelines.pdf

 

INVESTMENT / NEW JOBS TAX CREDIT PACKAGE

This incentive, primarily targeted at manufacturing companies, allows a five-year tax credit on the greater of 1 percent per year of investment in qualified new depreciable property, or a credit of $500 per new job. These incentives double to 2 percent of new investment, or $1,000 per new job, if investment is greater than $40 million or in an enterprise zone.

http://stateofsuccess.com/incentives/

 

QUALITY JOBS + INVESTMENT TAX CREDITS

These incentives target manufacturing industries that have a large capital investment of at least $40 million in addition to creating new jobs that pay more than the state’s average wage. The incentives also allow a five-year tax credit on the greater of 2 percent per year of investment in qualified new depreciable property, or a credit of $1,000 per year per new job.

http://okcommerce.gov/assets/files/incentives/Quality_Jobs_Guidelines.pdf

 

SMALL EMPLOYER QUALITY JOBS

The Small Employer Quality Jobs Program provides quarterly incentive payments to a qualifying small employer (90 employees or less). Quarterly payments may be as much as 5% of new taxable payroll for up to 7 years. Qualifying payroll must be attributable to annual salaries that are at least 110% of the average wage of the county in which the jobs are located. Qualifying companies must also attain 75% out of state sales.

http://okcommerce.gov/assets/files/incentives/Small_Employer_Quality_Jobs_Guidelines.pdf

 

ECONOMIC DEVELOPMENT POOLED FINANCING

An incentive that targets job creation and infrastructure development by creating a financing mechanism for companies and communities. This financing tool uses withholding taxes and other revenue to satisfy debt service, create jobs and investment, and remain revenue-positive for Oklahoma.

http://okcommerce.gov/business/incentives/economic-development-pooled-financing/

 

SALES TAX REFUNDS

This incentive is available on construction materials for certain manufacturers and aircraft maintenance repair facilities, on purchases of computers, data-processing equipment and telecommunication equipment for certain aircraft facilities, and for purchases of computer services and data-processing equipment for qualified computer services or research and development companies.

http://okcommerce.gov/wp-content/uploads/2015/06/Oklahoma_Business_Incentives_and_Tax_Guide.pdf

 

CUSTOMIZED EMPLOYEE TRAINING

Oklahoma’s Training for Industry Program (TIP), a CareerTech initiative consistently ranked as one of the nation’s leading workforce training efforts, is a no-cost/low-cost way for new or growing companies that create jobs to get a skilled, focused and motivated workforce. Customized to meet your needs for training, assessment, supplies, instructional materials and more.

http://www.okcareertech.org/business-and-industry/business-development/training-for-industry-program

 

FIVE-YEAR AD VALOREM TAX EXEMPTION
This incentive is available for manufacturing, research and development, warehouse and distribution, certain computer/data processing services, wind power, refineries, and aircraft repair.

http://okcommerce.gov/wp-content/uploads/2015/06/Oklahoma_Business_Incentives_and_Tax_Guide.pdf

 

AMERICAN INDIAN LANDS TAX INCENTIVE
This incentive is available for manufacturing, research and development, warehouse and distribution, certain computer/data processing services, wind power, refineries, and aircraft repair.

http://stateofsuccess.com/incentives/american-indian-lands-tax-incentive/

 

CHEROKEE NATION SMALL BUSINESS ASSISTANCE CENTER
The Cherokee Nation Small Business Assistance Center (SBAC) is proud to serve and support Indian-owned businesses in Rogers and a variety of other counties by providing access to capital for new business start-ups and business expansion projects. Dedicated to the growth of Indian-owned companies, the SBAC also provides business coaching services designed to enhance the operations of small businesses, and strives to assist Native American-owned companies to have a greater presence in the business community.

http://www.cherokee.org/sbac/