POPULATION: 3,791,508 (2011 Census)
LABOR FORCE: 1,798,940 (Aug. 2012)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES:Manufacturing, energy
EXPANDING INDUSTRIES: Aerospace and defense (incl.
unmanned aerial systems);
energy (incl. compressed natural
gas vehicles; distribution);
agriculture and biosciences:
(incl. manufacturing, commodity
production and distribution,
research and development);
information and financial services
(incl. data centers, banking,
cybersecurity); distribution: (air,
rail, water, and pipeline transportation;
warehousing and
storage)
COLLEGE GRADUATES: (Age 25 and over) 22.6%
BASIC BUSINESS TAXES:
Corporate Income Tax: 6 percent
of federal taxable income
earned in Oklahoma
Business Activity Tax: $25 plus 1
percent of net revenue from
business activity allocated or
apportioned to Oklahoma
Sales and Use Tax: 4.5 percent
state rate; most cities levy an
additional tax of 1 to 4.25
percent; counties may levy an
additional tax up to 2 percent;
the average city sales tax rate
is 2.1 percent, and the average
county sales tax rate is 1.2
percent.
Property Tax: Levied on both
real and tangible personal
property at the county level; for
all communities in Oklahoma,
the effective property tax rate
averages about 1 percent for
real and personal property,
exercised as a percentage of
fair cash value.
BUSINESS INCENTIVES:
Oklahoma Quality Jobs
Program ("cash-back" incentive
for qualifying manufacturing
and service employers with
rebates ranging from 5 to 6
percent)
21st Century Quality Jobs
Program (up to 10 percent cash
back)
Quality Jobs + Investment Tax
Credit incentive
Oklahoma Small Employers
Quality Jobs Program ("cashback"
incentive program)
Former Indian Land Tax Credit
(pending renewal)
New Markets Tax Credit
(federal income tax credits)
Oklahoma Finance Authorities:
• Pooled Business Finance
Program
• Tax-Exempt Manufacturing
Industrial Development Bond
Program
Bid Assistance Centers (assistance
in securing federal government
contracts)
Oklahoma Center for the
Advancement of Science and
Technology (tech-transfer
programs)
Oklahoma Capital Investment
Board (venture-capital portfolio
program)
Capital Access Program
Tribal financing
Export Finance Program
Customized job training
Freeport tax exemption
Industrial access road
assistance
Foreign-trade zones
Local finance and build-to-suit
programs (tax credits, exemptions,
and refunds)
Five-year property tax
abatement
Sales tax refund on construction
materials