Quality Jobs Investment Program (Oklahoma)

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Last modified on February 12, 2015.

EZFeed Policy

Place Oklahoma


   
Applies to States or Provinces Oklahoma
Name Quality Jobs Investment Program (Oklahoma)
Policy Category Financial Incentive
Policy Type Grant Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province











Funding Source Federal















Program Administrator Oklahoma Department of Commerce
Primary Website http://okcommerce.gov/assets/files/incentives/Quality_Jobs_Guidelines.pdf



Last Review 2014-08-13


Information Source http://okcommerce.gov/assets/files/incentives/Oklahoma_Business_Incentives_and_Tax_Guide.pdf,

http://okcommerce.gov/new-and-existing-business/incentives/


Summary

The Oklahoma Quality Jobs Program allows qualifying businesses which are creating new quality jobs to receive a special incentive to locate or expand in Oklahoma.

The program provides quarterly cash payments of up to 5% of new taxable payroll directly to a qualifying company, for up to ten years.

To qualify, a company must be a central administrative office, manufacturer, researcher and developer or engaged in an industry listed on the program's website. Service companies must prove 75% out of state sales to qualify. A company must achieve a $2.5 million taxable payroll for any four consecutive quarters during the first 12 quarters in the program and have an average wage equal to or above the average county wage in which the company is locating or expanding. The minimum wage requirements do not apply to opportunity zones. Once the company achieves the threshold, it may remain in the program for the remainder of the ten-year period. Once the threshold is achieved, a company must maintain the $2.5 million payroll, including the average wage requirement, to qualify for incentive payments during any quarter.



Policy Contact

Contact Name Christie Myers
Department Commerce
Division Oklahoma City Office
Address 900 N. Stiles Ave.

Place Oklahoma City, Oklahoma
Zip/Postal Code 73104
Phone 405-815-5251


Email christie_myers@okcommerce.gov
Website http://okcommerce.gov/about-okcommerce/staff-directory/#M
     
     


















References