Share “Companies could receive up to $22.5...”

Companies could receive up to $22.5 million in Oklahoma state benefits

Six companies, including Altus Flight Academy, have pledged to create more than 1,200 jobs in Oklahoma, resulting in benefits from the Department of Commerce.
By Hillary McLain Modified: June 28, 2013 at 9:00 pm •  Published: June 27, 2013

Six companies anticipate creating more than 1,200 new jobs through the state's Quality Jobs Program, qualifying for up to $22.5 million in state incentives.

Of the six, Altus Flight Academy Inc. projects the most new jobs with 400, which could return $8.6 million to the company in benefits. The academy provides pilot and aircraft training in flight simulators and also conducts maintenance training.

Aerospace product manufacturer Rajon LLC pledged 110 jobs in Bristow, and could receive up to $1.9 million from the program.

Oklahoma's Quality Jobs Program provides incentive for companies to locate or expand in Oklahoma.

The program provides quarterly cash payments up to 5 percent of new taxable payroll for up to ten years, provided the company qualifies, according to the Oklahoma Department of Commerce.

Besides the two aerospace companies, four oil and natural gas related firms also qualified for the Quality Jobs program.

Continue reading this story on the...


  1. 1
    When It Comes to Sharing on Social Media, Conversations Differ By Race
  2. 2
    Just in time: Longhorns, Sooners get their own TollTags
  3. 3
    The 10 Richest Pets of All Time
  4. 4
    Should Where You Graduate From Affect What a Recruiter Thinks About You?
  5. 5
    New $5 service will cancel your Comcast in 5 minutes
+ show more


× Trending business Article