From the Governor
“Oklahoma is open for business. We will help our local businesses expand. We will recruit. We will train and supply the modern day workforce. And we will bring Oklahoma to the world and the world to Oklahoma.” —Gov. Kevin Stitt
Flying High in the Sooner State
While recent data indicates some weakening in Oklahoma’s economy, the aerospace industry is reaching new heights. A report released last year by the Oklahoma Aeronautics Commission found the sector is now the second-largest in the state and has an annual impact of more than $43 billion. Spirit Aerosystems, Valkyrie Systems and Kratos Defense have all announced projects here in the past 18 months.
21st Century Quality Jobs: Offers cash back, up to 10% of new taxable payroll, for up to 10 years for the creation of at least 10 jobs with an average wage of $101,000 or more.
Business Expansion Incentive Program: The $200 million program offers competitive cash incentives for business expansion projects that create jobs or make significant investment in facilities.
Cyber Security and Software Engineer Workforce Tax Credit: Offers a tax credit of up to $2,200 annually to software engineers who have a degree from an accredited institution.
Aerospace and Automotive Engineer Workforce Tax Credits: Offers a tax credit equal to 5% of the compensation paid to an engineer and 10% if the engineer graduated from a state college or university. Offers another credit of up to 50% of the tuition reimbursed to an employee, and a credit of $5,000 per year to the hired engineer.
Oklahoma Department of Commerce: okcommerce.gov
Oklahoma Economic Development Authority: oeda.org
Oklahoma Works: oklahomaworks.gov
Greater Oklahoma City Chamber Economic Development: greateroklahomacity.com
Grow Metro Tulsa: growmetrotulsa.com
Highlighted Program or Initiative
The nationally acclaimed Training for Industry Program (TIP) offers job analysis, training needs assessment, training, instructional materials and more at the state’s system of 59 technology center campuses for expanding companies.
- Keyera Energy announced in May 2018 a $185 million storage and blending terminal in Cushing.
- Amazon Services announced in May and June 2018, a combined investment of more than $300 million in two fulfillment centers in Tulsa and Oklahoma City.
- Spirit AeroSystems announced in December 2018 an $80 million expansion of its operations in Tulsa.
- Preferred Sands of Oklahoma announced in March 2019 it would build a $112 million “in-basin” frack sand mine in Oakwood.
- Kimberly-Clark Corporation announced in April 2019 a $132 million expansion of its facility in Jenks.
- Google announced in June 2019 a $600 million expansion of its data center in Pryor.
Five Fortune 500 company headquarters in state:
NGL Energy Partners
The Williams Companies
“We are proud to call Oklahoma home and look forward to Pryor being a vital part of the engine that powers the internet for years to come. At Google we are technology optimists, not because we believe in technology, but because we believe in people. The people of Mayes County shared our sense of optimism from the very start.” —Sundar Pichai, CEO, Google
“We know Oklahoma, and Oklahoma knows us, and it is hard to beat the workforce in Oklahoma, whether it is engineers, operators or administrators.” —Tom Thissen, President, Baker Hughes’ Drilling Services Division
“The people of Oklahoma represent a highly patriotic, educated and motivated workforce with the technical skills that will contribute to building the affordable but technology leading weapon systems needed for tomorrow’s world. We could not be happier to be joining this cost-effective business environment and family-friendly community.” —Eric DeMarco, President and CEO, Kratos Defense & Security Solutions