From the Governor
“With companies moving jobs back to the U.S. and repatriating dollars, Oklahoma is prime to attract this opportunity and diversify our economy with the right kind of leadership.” —Gov. Kevin Stitt
Steady Development in the Sooner State
The Sooner State’s economy is slowly rebounding with new investments in several sectors and a state initiative to better align resources, education and training with workforce needs. Amazon announced it will open a new fulfillment center in Tulsa, Google will soon expand its data center in Pryor, and an Italian manufacturer recently broke ground on a $360 million plan that will support 300 jobs.
Quality Jobs Program: Offers a quarterly cash payment of up to 5% of new taxable payroll to qualifying manufacturers and certain service industries that have new payroll investments of at least $2.5 million.
21st Century Quality Jobs: Offers qualifying businesses cash back of up to 10% of payroll for up to 10 years for the creation of 10 jobs with wages of at least $94,000 per year.
Investment/New Jobs Tax Credit Package: Offers a significant tax credit based on either an investment in depreciable property or the addition of full-time equivalent employees in manufacturing, processing or aircraft maintenance.
Business Expansion Incentive: Offers cash payments for expansion for manufacturers who invest at least $5 million in an expansion.
Oklahoma Department of Commerce: okcommerce.gov
Oklahoma Economic Development Authority: oeda.org
Oklahoma Works: oklahomaworks.gov
Greater Oklahoma City Economic Development: greateroklahomacity.com
Grow Metro Tulsa: growmetrotulsa.com
Highlighted Program or Initiative
Oklahoma Works creates new initiatives annually to continually align resources, education, training and job opportunities. The long-term goal is to better meet the workforce needs by 2025 in the state’s five wealth-generating sectors of aerospace, agriculture, energy, financial services and transportation.
- Google announced in February 2018 a $600 million expansion of its data center in Pryor, which is now the company’s second-largest data center in the world.
- Commercial Metals opened its new milling operation in Durant in April 2018.
- Italian tissue paper manufacturer Sofidel Group broke ground in April 2018 on a $360 million facility that will support 300 new jobs.
- Amazon announced in July 2018 it will open a second fulfillment center in Tulsa and will create 1,500 jobs.
Five Fortune 500 companies are headquartered in the state:
NGL Energy Partners
“Oklahoma has proven to be an important home for Google since opening our data center operations here in 2011…. We’ve been able to accelerate our growth here in part due to the incredible support from our Mayes County partners and the state of Oklahoma. We look forward to continuing our success in Oklahoma.” —Andrew Silvestri, Head of External Affairs in Oklahoma, Google
“We’re thrilled to bring this work into our McAlester site…. The collaboration we experienced with local, regional and national UAW leadership was critical to allowing that to happen.” —Bill Brown, Vice President of Oklahoma Operations, Spirit Aerosystems
“We are excited to bring a second fulfillment center to Oklahoma and work alongside the state’s incredible workforce…. Support from local leaders has been instrumental in our ability to come to Oklahoma, and we are grateful for their collaboration to bring thousands of new jobs with benefits starting on day one.” —Mark Stewart, Vice President of North America Customer Fulfillment, Amazon