Seven companies have qualified for up to a combined $8.5 million in state incentives to create up to 236 new jobs in Oklahoma over the next 10 years.
Norman-based Newpoint Thermal LP, which operates as GTS Energy, qualified for up to $1.5 million in wage rebates to create up to 41 news jobs over the next decade under the state's Quality Jobs Program.
Oklahoma City-based Panther Drilling Systems LLC qualified for up to $1.2 million for creating up to 21 jobs.
Three Tulsa firms — DecisionPoint Systems Inc., Magellan Midstream Holdings GP, and Bright Horizon Resources — each qualified for wage rebates. Those Tulsa companies could earn combined incentives of up to $5.2 million for potential job creation over the next 10 years.
Two companies enrolled in the Small Employer Quality Jobs Program, including Advance Research Chemicals of Catoosa, which could receive up to $288,661 for creating up to 30 new jobs over a decade. Atoka's Southeast Machine Inc. could earn up to $267,728 for creating up to 29 jobs.
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.
Since the program began 20 years ago, the state has issued more than 705 contracts to locating, expanding and startup businesses. The state has paid more than $871 million in wage rebates under the program.