Oklahoma Tax Credits, Incentives and Improvement Programs


The professionals at Wiggin Properties can help guide your through the application process for local, state, national, historic and new markets tax credits to leverage public tax credits and incentives to help finance business reloactions, new developments and property renovations. The information on this page is a compilation of information provided on the websites for the City of Oklahoma City, Greater Oklahoma City Chamber, City of Tulsa and Oklahoma Department of Commerce in May 2020. Please consult the authorities referenced on the credited source page prior to investing in property or planning a reloaction dependent upon listed incentives/tax credits, or call us at 405.842-0100 (Oklahoma City Metro Area) or 918.935.2010 (Tulsa Metro Area).

Oklahoma City Investment and Improvement Programs

Strategic Investment Program (SIP)

"The Strategic Investment Program (SIP) is a discretionary incentive fund designed to help companies expand or locate their operations in Oklahoma City. To qualify:

  • Firms must meet or exceed the OKC MSA’s average annual wage, or a minimum of $33,947 if located in a state- designated Enterprise Zone.
  • Companies are eligible for cash payments for creating jobs in Oklahoma City
  • Companies need to create a minimum net new payroll of $1.75 million, with at least 50 new employees to be eligible.
  • Your company must offer basic health insurance coverage (paying at least 50% of premiums) to workers who are not part-time employees.
  • Targeted industries include (but is not limited to) biotech, backoffice, professional services, aerospace, energy, logistics, and manufacturing."

Source: Greater Oklahoma City Chamber website, May 2020.


Business Improvement Districts (BIDs)

"Business Improvement Districts (BIDs) are a public/private partnership in which property owners pay a special assessment for the maintenance, development, and promotion of their commercial district. Oklahoma City currently has five Business Improvement Districts: Downtown, OKC's Adventure District, Stockyards City, Capitol Hill, Uptown 23rd, and Western Avenue.

BIDs deliver supplemental services within a defined district such as:

  • Maintenance and sanitation;
  • Public Safety;
  • Marketing and promotion;
  • Capital improvements; and
  • Landscaping and beautification."

Source: City of Oklahoma City website, May 2020.


Tulsa Investment and Improvement Programs

Tax Incentive Districts

"Tax Incentive Districts provide a five- to six-year abatement on local property taxes for specific development projects...the City has one Tax Incentive District, covering some property within the Inner Dispersal Loop (the interstate highways surrounding downtown)."

Source: City of Tulsa website, May 2020.


Tax Increment Financing Districts (TIF)

"TIF districts are a development tool that can be used to help make a project that otherwise would not occur happen. It is based on the assessed improvement of the taxable value of a property and can be used to fund some project-specific needs." Tulsa's current TIF Districts (see map) include: 11th and Lewis Corridor Project Plan, Downtown Area Economic Development Project Plan, Santa Fe Square Economic Development Project Plan and Tulsa International Airport Economic Development Project Plan.

Source: City of Tulsa website, May 2020.


Brownfields Revolving Loan Fund (RLF)

The "program encourages the reuse and redevelopment of blighted, contaminated lands, so they can be returned to useful, tax producing properties that generate jobs, create sustainable community growth, and contribute to the local economy."

Source: City of Tulsa website, May 2020.


Downtown Development and Redevelopment Fund

"The Downtown Development and Redevelopment Fund, which was part of the 2013 Improve Our Tulsa funding package, is intended to promote high-quality development in downtown Tulsa, including mixed-use and/or preservation-based projects. The projects will be evaluated for the potential they have to retain and promote new businesses Downtown, and support infrastructure for private development."

Source: City of Tulsa website, May 2020.


Route 66 Neon Sign Grant

"The City of Tulsa and the Route 66 Commission encourage installation of exterior signage containing not less than 25 percent neon or alternative LED lighting within the Route 66 Overlay District to stimulate the pedestrian realm and to enhance the tourist experience...The Applicant must provide not less than 50% of the eligible cost of the sign. The City’s matching contribution will be 50% of the applicant’s eligible cost of the sign but not to exceed $10,000."

Source: City of Tulsa website, May 2020.


Retail Redevelopment and Development Fund

"The Retail Redevelopment and Development Fund is a Revolving Loan Fund (RLF) intended to provide low cost capital to retail entrepreneurs and developers. For retail entrepreneurs, the loans can be used to fund tenant improvements, purchase equipment, etc. For developers, the loans are intended to encourage the redevelopment and development of commercial properties and incentivize the proliferation of Transit Oriented Development (TOD)."

Source: City of Tulsa website, May 2020.


Oklahoma Incentive Programs

Quality Jobs Programs

"The Quality Jobs program provides a cash rebate to companies that create well-paying jobs and promote economic development."

  • 10-year Cash Incentive: "This program provides quarterly cash payments up to 5% of new payrolls for up to 10 years."
  • Small Employer Quality Jobs Program: "The Small Employer Quality Jobs Program provides quarterly incentive payments to a qualifying small employer (500 employees or less)."
  • 21st Century Quality Jobs Program: "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 $103,736 annually or higher, depending on county."
  • Quality Jobs + Investment Tax Credits: "These tax credits target manufacturing industries that have a large capital investment of at least $40 million in addition to creating new jobs that pay higher than the state average wages."

Source: Oklahoma Department of Commerce website, May 2020.


Investment / New Jobs 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."

Source: Oklahoma Department of Commerce website, May 2020.


Business Expansion Incentive Program

"This incentive targets business expansion projects which include job creation and significant investment in facilities, machinery, and equipment."

Source: Oklahoma Department of Commerce website, May 2020.


Aerospace Industry Engineer Workforce Tax Credits

"Aerospace companies hiring engineers in a variety of fields will receive tax credit 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."

Source: Oklahoma Department of Commerce website, May 2020.


Automotive Engineer Workforce Tax Credit

"Companies that manufacture or assemble motor vehicles, or manufacture automotive parts, and hire newly employed engineers may be eligible for a corporate income tax credit of up to 10% of the compensation paid to the engineer, plus an additional tax credit of up to 50% of the tuition cost reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year."

Source: Oklahoma Department of Commerce website, May 2020.


Software/Cybersecurity Workforce Tax Credit

"Cybersecurity or software employees who have received a degree from an accredited institution can receive a tax credit up to $2,200 annually or $1,800 annually for qualifying employees who are awarded a certificate from a technology center."

Source: Oklahoma Department of Commerce website, May 2020.


Manufacturing Sales Tax Exemptions

"Oklahoma has a comprehensive sales tax exemption for manufacturers who qualify for and obtain a Manufacturer’s Sales Tax Exemption Permit (MSEP)."

Source: Oklahoma Department of Commerce website, May 2020.


Five-year Ad Valorem Tax Exemption

"A qualifying manufacturing company can abate ad valorem taxes upon new, expanded or acquired manufacturing facilities and equipment for a period of five years."

Source: Oklahoma Department of Commerce website, May 2020.


Five-year Ad Valorem Tax Exemption

"A qualifying manufacturing company can abate ad valorem taxes upon new, expanded or acquired manufacturing facilities and equipment for a period of five years."

Source: Oklahoma Department of Commerce website, May 2020.


Training for Industry Program (TIP)

"Some of the services we provide under TIP ['at little or no cost to you'] include job analysis, training needs assessment, pre-employment training, pre-production training, post-production training, instructional materials and development, and more."

Source: Oklahoma Department of Commerce website, May 2020.


Industrial Access Road Assistance

"Designed to aid local industrial development efforts by funding, within practical limitations, access facilities connecting a specific industry or industrial area directly to the state or local road system."

Source: Oklahoma Department of Commerce website, May 2020.


Foreign Trade Zones (FTZs)

"The benefits of operating within a designated site licensed by the Foreign Trade Zones Board are many...often, the company pays lower costs, not only to U.S. Customs, but to its bank, insurance company and other vendors."

Source: Oklahoma Department of Commerce website, May 2020.


How can our Tax Credits team help you?

Oklahoma City Metro Area
405.842.0100
Tulsa Metro Area
918.935.2010