Two Oklahoma companies could earn $3.8 million in state Quality Jobs incentives
An Oklahoma City oil-field service company plans to create up to 73 jobs over the next decade, and a Tulsa plant expansion could add 50 jobs.
Most companies must achieve a taxable payroll of at least $2.5 million dollars for four consecutive quarters during the first four years of the program to receive the incentive money.
To qualify for Quality Jobs funding, a company must provide minimum health insurance coverage, and 80 percent of its employees must work at least 30 hours a week.
Oklahoma has inked more than 650 Quality Jobs incentive deals since the program began in 1993. The state has paid out more than $725 million in performance-based wage rebates since the incentive program began.