The Boeing Co. and Devon Energy Corp. have pledged to create up to 1,817 new jobs in Oklahoma over the next 10 years to claim up to $121.7 million in job-creation incentives from the state.
The Boeing Co. has qualified for up to $43.8 million in state tax incentives to create 459 high-paying skilled jobs in Oklahoma City through Oklahoma's 21st Century Quality Jobs Program.
The company will reap a higher incentive rate from the state for creating the engineering jobs, because those high-paying, skilled positions, are most coveted by economic development officials.
Boeing can recoup up to 7 percent of its taxable payroll on the engineering jobs through the 21st Century Quality Jobs program, versus the maximum 5 percent for the Quality Jobs incentive.
The 21st Century Jobs incentives the company has been cleared for are on top of $11 million in tax rebates Boeing also is qualified to get by creating an additional 369 new jobs over the next 10 years in Oklahoma City, the Oklahoma Commerce Department announced Tuesday.
The jobs Boeing plans to add in Oklahoma include engineering work Boeing is in the process of relocating from Wichita, Kan., to Oklahoma City, Boeing spokeswoman Jennifer Hogan said.
“Some of these jobs are coming from Wichita and others are ones we are adding — it's kind of a mixed bag,” Hogan said.
The company has about 1,500 employees in Oklahoma City and hopes to have about 1,800 jobs at its campus at SE 59 Street and S Air Depot Boulevard by year's end.
Devon Energy has qualified for up to $66.8 million in tax rebates to create up to 989 new jobs over the next 10 years, the Commerce Department said.
The state Commerce Department oversees the Quality Jobs Program, which gives companies quarterly cash payments to locate and expand in the state. The payments are based on payroll numbers, and companies can receive payments for up to 10 years. Most companies must maintain a taxable payroll of at least $2.5 million for four consecutive quarters during the first four years of the program to qualify for the job incentives. Oklahoma has inked more than 685 job-creation deals with new, relocating or expanding companies since the Quality Jobs Program began in 1993. The program has paid out more than $820 million in wage rebates since its inception.