Three companies have qualified to reap up to $9.3 million in cash tax rebate incentives for creating 340 new jobs in the state over the next 10 years through Oklahoma's Quality Jobs program.
Houston-based Apache Corp. has qualified for up to $6.6 million in Quality Jobs funding for the creation of 100 new jobs in Tulsa over the next decade. Apache is an independent oil and natural gas exploration and production company.
Lawton-based manufacturer Cozart-Perry Industries Inc has qualified for up to $2 million in Quality Jobs rebates for creating up to 170 new jobs. The company specializes in precision manufacturing.
Anadarko-based Unami LLC has qualified for incentives through the state's Small Employer Quality Jobs Program. The company manufactures and assembles energy-efficient lighting products and provides related services. Unami has been approved to receive up to $632,000 in incentive payments for creating up to 70 new jobs.
The Quality Jobs Program provides quarterly cash payments of up to 5 percent of a company's new payroll for up to 10 years.
Since 1993, the state has issued more than 705 contracts to locating, expanding and startup businesses. To date, more than $871 million in performance-based wage rebates have been paid out as part of the Quality Jobs Program. The state Commerce Department prepares a cost-benefit analysis to determine the amount each company's incentive.