Category: State

Business Expansion Incentive Program

The Business Expansion Incentive Program assists Oklahoma companies making major capital investments in depreciable items like machinery, equipment and buildings.

This incentive makes annual cash payment awards to help companies grow and boost business expansion investments in Oklahoma.

A typical incentive award is to a manufacturing company with an existing employee base making an investment of $5 million or more to expand their Oklahoma operation.

FINANCIAL INCENTIVE FOR YOUR EXPANSION

We value and appreciate that you do business in Oklahoma. When it’s time to expand your business, call the Oklahoma Department of Commerce to see if your capital investment could qualify for this incentive.

• Lower the cost of a capital project
• Improve return on investment
• Increase the scope of a planned expansion
• Enhance ability to finance a project

PROFILE OF A SUCCESSFUL PROJECT

To qualify for the incentive, companies typically need to meet or exceed these requirements:

• $5 million or greater in capital investment
• $5 million or greater in total annual payroll
• Paying average county wage or higher