Most businesses that qualify for the Quality Jobs Program receive payments in the range of 4% of new payroll. In certain counties designated as economically challenged, a 5% net benefit rate automatically applies. This percentage fluctuates by the average weighted salary of the new jobs.
Quality Jobs Program minimum wage requirements do not apply to Opportunity Zones.
The Investment/New Jobs Tax Credit Package doubles in Enterprise Zones.
Two-thirds of Oklahoma, because of its unique Native American heritage, qualifies for special federal tax treatment. Businesses locating or expanding in these areas benefit by accelerated depreciation of investment and by employment tax credits when employing tribal members or their spouses.
EB-5 is a visa program created in 1990 under the Immigration Act for foreign investors. Administered by the U.S. Citizenship and Immigration Services (USCIS), the program provides a method of obtaining a visa for foreign nationals who invest in the United States.