Business Expansion Incentive Program
The Business Expansion Incentive Program assists 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 companies that operate in Oklahoma. When it’s time to expand, 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
Get in Touch
When considering an expansion to your Oklahoma operation, call us first. Contact the Oklahoma Team at 800-588-5959.
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.