Oklahoma offers automotive part manufacturers a central location, pro-business environment, available sites and a pipeline of trained workers.
Hear why from Oklahoma Governor Kevin Stitt and Lt. Gov Matt Pinnell.
With the automotive industry in the U.S. moving increasingly westward, Oklahoma is ideally situated to meet the needs of OEMs and auto part manufacturers, both in terms of its central location, low costs (both operating costs and wages), right to work status and availability of workers with required technical skillsets.
Oklahoma’s Automotive Engineer Workforce Tax Credit allows automotive companies hiring engineers in a variety of fields to receive tax credits equal to 5% of the compensation paid to an engineer and 10% if the engineer graduated from an Oklahoma college or university, plus another credit of up to 50% of the tuition reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year
The transferrable skill-set of energy and aerospace workers in welding and metalworking can be leveraged by auto part manufacturers. Oklahoma’s wages are among the most competitive in the country. Oklahoma CareerTech, located across 169 sites throughout the state, with more than 7,500 enrollments annually, offers training in specific pathways aligning with the automotive workforce demand.
NEW BILL ALERT
- HB 1884 – Status: Signed into Law
Updates the state’s current Aerospace Engineering Tax Credit to allow automotive manufacturers to benefit from the incentive.
- SB 868 – Signed into Law
Proposes to move the Oklahoma Industrial Hemp Agricultural Program from a pilot program to a permanent program and lifts the requirement for hemp and manufacturers to be affiliated with a university.
Southern Automotive Corridor
- Oklahoma is centrally located and accessible by air, rail, road, and water with the most inland ice-free ports in the U.S. Offers easy access to Midwest and South East USA (location where most OEMs are presently located). In fact, within a 24-hour drive, you’ll reach every single OEM manufacturing facility in the USA.
- Automotive-specific incentives to help improve your company’s bottom line in Oklahoma.
- 140,000+ manufacturing jobs in the state, 4,200 manufacturing firms in Oklahoma.
- Electricity rates 22% below the national average. Oklahoma has a balanced energy mix of traditional and renewable sources with 32% of the state’s total energy production from wind and solar.
- 140+ FDI companies call Oklahoma home supporting more than 48,000 jobs in the state and represent a major source of business investment.
Auto Companies are a Driving Force in Oklahoma
- Spiers New Technologies – Car Battery Refurbishing
- Michelin Tire – Tires
- Goodyear – Tires
- Henniges Automotive – Anti-Vibration Products
What do Goodyear employees have to say about living in Oklahoma?
“The Lawton facility is Goodyear’s largest U.S. plant, and we are working on our 13th modernization of this facility. Our continued investment says a lot about Oklahoma and the work we’r able to do here.”
— Brent Copeland, Lawton Manufacturing Director, Goodyear.