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Oklahoma Resources Page
Inward Investment Guides

Public Power Communities: Technology for Business Success

Steve Stackhouse-Kaelble (Q1 2016)
From powering up huge data centers to providing telecom and water services, and helping customers become energy-efficient through the latest technologies, public power companies re-invest in the communities they serve. More

Regional Report: A Pro-Business Environment Fuels Growth in the Southwest

Mark Crawford (Directory 2016)
A pro-business environment, diverse economic base, and infrastructure investments are fueling growth in the U.S. Southwest. More

The Next Generation of Live, Work, Play

Charles L. Ruby, Director, Deloitte Tax LLP (Q4 2015)
Thinking “outside the box,” how can rural America outcompete big cities for top talent? Be cool and be unique. More

Joplin MO-KS-OK Region Provides Food Processors With Good Highway Access

Area Development Research Desk (2015 Food Processing)
The seven-county Joplin region provides food processors with efficient access to raw materials — including wheat, corn, and cattle as well as affordable fresh water — and to more than 30 million people within a 350-mile radius.  More

Compliance: Where Incentives Are Won or Lost

Gary Marx, Managing Director, BlueCap Economic Advisors, LLC (Q3 2015)
Proper incentives compliance reporting will help a company to ensure that it receives the full value of the incentives it was offered in the application and negotiations process. More

Regional Report: A Rosy Economic Outlook in the Southwest U.S.

Steve Stackhouse-Kaelble (Directory 2015)
The well-known investment disclaimer states that past performance is not indicative of future results. It stands to reason that just because Texas has led the nation in job growth for four years in a row, that doesn’t mean growth will continue to sizzle in the future. And yet, analysts expect that it will. The same rosy outlook holds true in Arizona, and there are healthy jobs reports in New Mexico and Oklahoma as well. More

Securing Incentives With a Well-Paid Workforce

Robert Foley, Manager, Global Location & Expansion Services, KPMG LLLP (Q4 2014)
As a growing number of states augment their business incentives with Quality Jobs programs, manufacturing, technology and other high value-add companies are well positioned to potentially reap significant and often enhanced tax and non-tax benefits. More

Communities Enable “Disruptive” Advantage for Advanced Manufacturers

Jeff Troan, Principal, Hickey & Associates, LLC (Advanced Industries 2014)
To attract and retain core manufacturing businesses in the twenty-first century, communities will have to offer significant workforce development support, combined with a business climate package that makes their companies competitive with producers that enjoy lower labor costs and more favorable taxation throughout the rest of the world. More

OKLAHOMA at a glance

POPULATION: 3,850,568 (2013 Census Population Estimates)

LABOR FORCE: 1,816,794 (BLS LAUS 2013 Annual)


TRADITIONAL INDUSTRIES:Manufacturing, energy

EXPANDING INDUSTRIES: Aerospace and defense (incl. unmanned aerial systems); energy (incl. compressed natural gas vehicles; distribution, heat exchangers); 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) 23.2%

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; 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.

Oklahoma Quality Jobs Program ("cash-back" incentive for qualifying manufacturing and service employers with rebates up to 5 and 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

Principal Manufacturing industries

  • Machinery Manufacturing
  • Metal and Fabricated Metal Products
  • Aerospace/Transportation Machinery
  • Food Processing
  • Petroleum, Rubber & Plastics
  • Electrical and Electronic Products
  • Wood & Paper Products
  • Other Manufacturing Industries
Source: QCEW Employees, Non-QCEW Employees, Self-Employed & Extended Proprietors - EMSI Class of Worker