Higher rewards. Richer returns.

The Oklahoma Quality Jobs program rewards job creators with cash rebates for qualified projects that contribute to the economy with quality jobs. Available incentives include:

• 10-Year Cash Incentive: Quarterly cash payments up to 5% of new payrolls for up to 10 years for companies that meet designated wage thresholds and payroll size as well as other requirements.
• Small Employer Quality Jobs: For qualified projects and smaller employers (500 employees or less), quarterly incentives up to 5% of new taxable payroll for up to 7 years.
• 21st Century Quality Jobs: Designed to encourage a stronger knowledge-based workforce, this incentive provides cash back up to 10% of total payroll for up to 10 years, for qualified jobs projects.

Comprehensive and totally customized employee training is available to power up your business operation rapidly—at startup or expansion—at no cost with TIP. Delivered through the state’s experienced Career Tech team working in collaboration with Northwest Technology Center and with the participating business, the program spans the entire spectrum of needs, from assessment to delivery, whether on-site or at Northwest Technology Center.

Valuable tax incentives are available for new or expanding businesses based on investment in property, facilities and equipment, or job creation in multiple sectors.

With a Manufacturers Tax Exemption Permit (MSEP), manufacturers enjoy exemptions for a variety of purchases, including energy, machinery and equipment and even personal property used in the manufacturing process or on the manufacturing site.

Qualifying manufacturing operations can reap the benefits of ad valorem tax exemptions on equipment and facilities, whether new, expanded or acquired. Targeted sectors include manufacturing, warehousing, research and development, computer/data processing, aircraft repair and refinery.

Businesses with goods and materials entering and exiting the state within nine months are exempt from taxation, provided those goods and materials are held for storage, assembly, manufacturing or processing while in they are in the state.

Preservation and revitalization are both encouraged here in Woods County, with Federal and State tax credits available for projects involving the rehabilitation of historic or older structures. 

• Collaborative access to capital: For employers, Woods County lenders work collaboratively with state and federal entities to provide business loans through programs like the USDA’s OneRD Guarantee Loan Initiative.  For employees, lenders are ready to accommodate home loan needs through programs such as REI Oklahoma (which in some cases can provide the down payment on the home loan).  
• Pro-business ease and support from business and community leaders: Woods County makes doing business here profitable—and a pleasure. Enjoy support from all corners of the community, including pro-business government officials. Learn more about city government here.