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State Personal Income Tax: 5.5% Property Tax: 107.14 mills per $1,000 of assessed value Oklahoma Business Incentives and Tax Information Guide The Oklahoma Business Incentives and Tax Information Guide is more than a summary of Oklahoma's business location advantages; it represents our state's commitment to being a flexible partner with companies and entrepreneurs who already call Oklahoma their home, as well as businesses considering relocating here. Oklahoma has a business-operating climate that offers the kind of competitive financial opportunities that can keep businesses profitable. Oklahoma is a Right-To-Work state, which makes for a very favorable workforce environment. In addition, reduced tax rates and a favorable tax structure help Oklahoma-based companies pay less and keep more. Oklahoma Business Incentives and Tax Information Guide Oklahoma Site Certification Program According to the International Economic Development Council (IEDC), last year there were 15,307 significant business relocations, expansions, and developments in the United States. More than 3,500 economic development organizations competed for those opportunities. As businesses attempt to minimize risk, locations with shovel-ready sites emerge as the top choices. A statewide site certification program that assures a quality site available in minimal time not only provides site selectors with the information they need to make appropriate decisions, it also places Oklahoma in a position to maximize economic development opportunities. Oklahoma's Site Certification Program State Incentives Oklahoma's attractive incentives drive bottom line benefits for your business. For a quick glance at available incentives and how they work together see the Incentive Overview Chart. Call 800-879-6552 for a customized incentive analysis. EEDA Enhancement Package The Edmond Economic Development Authority Enhancement Package was designed specifically for the purpose of enhancing services already provided and will reward a company's decision to expand their Edmond facility or locate a new business in the City of Edmond while maintaining the focus of high quality growth, job retention and creation. EEDA Enhancement Package CDBG Loan Program The Community Development Block Grant (CDBG) Program is designed to create and retain permanent, private sector job opportunities, principally for low and moderate-income households while increasing the tax base in Edmond. Loans should produce at least one new or retained permanent, full-time equivalent job for each $9,000 of CDBG money, with 51% of jobs created available to low to moderate households. Bricks and Clicks Revolving Loan Program The Bricks Revolving Loan Program is designed to provide downtown business owners with funds for exterior renovations in an effort to restore the historic image of the area and increase the value of the buildings. These loans are offered at no interest for 18 months and pay for up to 75 percent of the costs, not to exceed $10,000. The Clicks program offers no interest loans to be used for e-commerce Web sites in an effort to enhance downtown business through the Internet. Loans are provided for up to 75 percent of the project, not to exceed $5,000. |
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