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Oklahoma
Resources Page
Oklahoma: Aerospace and Alternative Energy Provide Stability in Turbulent EconomyStable industries and competitive business costs put Oklahoma in stronger economic position than many states. More |
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Clean Energy, Green EconomyRenewable energy stands poised to create opportunities across the country. More |
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OEMs Supplying the Alternative Energy IndustriesA Google Maps mash-up charting alternative energy OEM cluster growth throughout the United States More |
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Are Southern States Better Positioned for Technology Projects?A skilled, available work force, a favorable cost environment, the necessary infrastructure, and generous financial support have created a near-perfect environment for technology companies to thrive in the South. More |
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State Contacts
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Oklahoma
At A Glance
POPULATION:
3,617,316 (2007)
LABOR FORCE: 1,736,626 (July 2008)
TRADITIONAL INDUSTRIES: Agriculture, mining, energy, manufacturingEXPANDING INDUSTRIES: Communications, business services, aircraft and parts, oil and gas extraction, construction, fabricated metal products, alternative energy (wind)
COLLEGE GRADUATES: (Age 25 and over) 22.4%BASIC BUSINESS TAXES:
Corporate Income Tax: 6 percent of federal taxable income earned in 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
Property Tax: Levied on both real and tangible personal property at the county level; the effective rate, exercised as a percentage of fair cash value, ranges from less than 1 percent to 1.8 percentBUSINESS INCENTIVES:
Oklahoma Quality Jobs Program ("cash-back" incentive for major manufacturing and service employers with rebates up to 5 percent of taxable wages for up to 10 years); rebates increase up to 6 percent for existing Quality Jobs companies that create jobs paying more than 150 percent of company's current average wage Oklahoma Small Employers Quality Jobs Program ("cash-back" incentive payments for firms with 90 employees or less) New Markets Tax Credit (federal income tax credits for firms investing in underserved low-income communities)
Oklahoma Quality Jobs Program ("cash-back" incentive for major manufacturing and service employers with rebates up to 5 percent of taxable wages for up to 10 years); rebates increase up to 6 percent for existing Quality Jobs companies that create jobs paying more than 150 percent of company's current average wage Oklahoma Small Employers Quality Jobs Program ("cash-back" incentive payments for firms with 90 employees or less) New Markets Tax Credit (federal income tax credits for firms investing in underserved low-income communities)
- Oklahoma Finance Authorities:
- Pooled Business Finance
- Program
- Tax-exempt manufacturing
SPONSOR PROFILES:
