The Blackwell Industrial and Economic Development Authorities work closely with the City of Blackwell to incentivize new and existing businesses. In addition, the State of Oklahoma has a variety of incentives available.
Quality Jobs Program
The Quality Jobs Program makes quarterly cash payment of up to 5 percent of new taxable payroll to qualifying manufacturers and certain service industries that have a new payroll investment of $2.5 million or more.
Small Employer Quality Jobs Program
The Small Employer Quality Jobs Program provides quarterly incentive payments to a qualifying small employer (500 employees or less). Quarterly payments may be as much as 5% of new taxable payroll for up to 7 years.
21st Century Quality Jobs
This Quality Jobs program is specially tuned for businesses with a highly skilled, knowledge-based workforce. This unique incentive may pay qualifying businesses cash back, up to 10 percent of payroll, for up to ten years for the creation of 10 jobs with an average wage of $94,000 annually or higher, depending on county.
Investment/New Jobs Tax Credit Package
This package provides growing manufacturers a significant tax credit based on either an investment in depreciable property or on the addition of full-time-equivalent employees engaged in manufacturing, processing, or aircraft maintenance.
Customized Employee Training
Oklahoma’s Training for Industry Program (TIP) is a no-cost/low-cost way for new or growing companies that create jobs to get a skilled, focused and motivated workforce.
Business Expansion Incentive Program
The Business Expansion Incentive Program assists Oklahoma companies making major capital investments in depreciable items like machinery, equipment and buildings.
Additional Incentives Additional state and local incentives may apply to your business. Learn more with our Incentives Report at Oklahoma Department of Commerce.
New Market Tax Credit
Federal Opportunity Zones
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