Cost Competitive Expansion
Oklahoma’s expertly tailored policies, programs and incentives positively affect your business’s bottom line. Oklahoma’s low cost of operating a business is consistently demonstrated by our top spots in rankings like CNBC’s Top States for Business, Site Selection Magazine, and Forbes Best States for Business. But what about the facts behind the rankings?
Oklahoma’s industrial electrical power costs are 28% lower (1.89¢/kWh lower) than the national prices. Over the course of a year that difference adds up, with Oklahoma’s industrial businesses saving more than $175 million and commercial businesses more than $200 million.
We know energy, and you reap the rewards. Unlike Texas, Oklahoma is part of the Southwest Power Pool where our blend of natural gas, coal, wind, solar, geothermal, and hydropower sources provide cleaner, more reliable power, all at significant savings.
28% lower industrial electrical prices
It gets better. Even lower rates can be negotiated based on your business’s specific power requirements. Talk to our team to find out how. Call 800-588-5959.
At the Center
Located at the crossroads of North America – and with one of the largest inland, ice-free ports – means low business costs whether your supply chain is across the street or stretches around the globe.
Oklahoma’s multi-modal transportation infrastructure speeds your goods to market, all at lower costs. Learn more about how our transportation infrastructure can work for your business.
Low, Fair Taxes
Oklahoma’s tax climate provides a boost during the crucial operations start-up phase and continues with stability and affordability as your business grows.
- 5% cash back incentive
- Five-year ad valorem tax exemption
- 6% corporate tax rate
- Five-year investment/new jobs tax credit package
- Sales tax exemptions, and more…
Oklahoma’s tax climate is good for your business.
Some states tilt the playing field with their tax policies which benefit some industries over others. Not in Oklahoma. According to the Tax Foundation, our business tax climate is more economically balanced, and benefits all businesses that call our state home.
Oklahoma is a constitutional Right to Work state with low unemployment insurance taxes and programs significantly reducing hiring and training start-up costs. From finding talent to custom training, the Oklahoma Team goes to work for you, all at little to no costs.
Our Talent Acquisition Team is like adding a recruitment specialist to your HR department. We assist you with your talent search with customized labor market analyses, hiring events and more.
The renowned Training for Industry Program provides customized training programs, all at little to no cost and delivered through the state’s .
Let’s Work Together
The Oklahoma Team will work with you to meet the specific needs of your project. Contact us today to get started. Call the Oklahoma Team at 800-588-5959.