This incentive targets manufacturers and certain service industries that have a new payroll investment of $2.5 million or more to receive a quarterly cash payment of up to 5 percent of new taxable payroll. A lower payroll threshold is available for certain food processing and research and development projects, or as a result of locating in targeted areas. Qualifying wage requirements would be the lower of the average county wage or the state index wage. Companies that have 10 percent of their workforce as veterans qualify for a higher 6 percent net benefit rate.
No-cost Incentives Analysis
Contact an Oklahoma Quality Jobs representative to request a preliminary cost-benefit analysis before you apply. This analysis estimates the payments a project may be eligible to obtain.
Download and complete the application and worksheet in Excel.
Technical assistance regarding program concepts, eligible companies, application guidelines and other information pertaining to the Quality Jobs Program is available upon request and encouraged.
Call (405) 815-5123 (In state), 1-800-588-5959 (Domestic) or 00+1+405-815-5187 (International).
Guidelines and Documentation
Geographic information related to incentives are available as interactive maps.
- 5% Areas
In certain counties designated as economically challenged, a 5% net benefit rate automatically applies.
- Opportunity Zones
Quality Jobs Program minimum wage requirements do not apply to Opportunity Zones.
- Enterprise Zones
The Investment/New Jobs Tax Credit Package doubles in Enterprise Zones.
Frequently Asked Questions
- What services are provided to my company by the Oklahoma Department of Commerce during the application and approval processes free of charge?
Face-to-Face Assistance specific to manufacturers and service companies
Incentive Analysis to determine qualifying state and federal incentives
Representation during the approval process
- What amount of the quarterly rebate payments does my company get to keep?
All of it, except for a one-time Origination Fee of $1,000. By working with the Oklahoma Department of Commerce (ODOC), all services rendered during the application and approval process are free of charge. Once an application has been approved and a contract between your company and ODOC is finalized, the Origination Fee of $1,000 will be deducted from the first incentive payment.
- How often does my company need to provide information to claim the rebate payment, once my company is enrolled in the program?
Once per calendar quarter, your company will provide information to the Oklahoma Tax Commission.
- Is the quarterly claims process difficult to complete?
No. Each calendar quarter your company will need to complete a simple, one-page form indicating the number of qualifying employees your company had in Oklahoma each month of the quarter, and the amount of payroll paid to those employees each month. This information is the same information reported on your OES-3 reports to the Oklahoma Employment Securities Commission. Even if your company uses a consultant, you will still have to generate the payroll data to complete the claim form.
- If my company doesn't achieve the program requirements, does the money claimed need to be paid back to the Oklahoma Tax Commission?
Only if your company ceases operating in Oklahoma within the first three years after enrolling in the program must the money claimed be returned.
- How long does it typically take to complete the application and approval process?
The application process involves your company providing the 4-page application and supporting documentation. The length of time required is determined by how quickly this information can be provided to the Oklahoma Department of Commerce. The approval process typically takes a few weeks, following the application process.
Get full program details by downloading the Quality Jobs Guidelines.
The materials contained on this website have been prepared by the Oklahoma Department of Commerce for informational purposes only and do not constitute legal or tax advice. This information is subject to change based on judicial interpretation and legislative action. The application of the information is subject to your unique facts and circumstances. YOU SHOULD NOT ACT UPON ANY INFORMATION CONTAINED IN THESE MATERIALS WITHOUT SEEKING YOUR OWN PROFESSIONAL LEGAL AND TAX ADVICE.