The Oklahoma 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 650 job creation deals with new, relocating or expanding companies since the Quality Jobs Program began in 1993. The program has paid out more than $725 million in wage rebates since its inception.