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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.

By Brianna Bailey | Published: February 12, 2013 Comment on this article

The state Commerce Department screens companies that apply for Quality Jobs incentives. The program gives qualifying companies cash payments worth up to 5 percent of a company's new payroll. The payments are based on payroll numbers, and companies can receive payments for up to 10 years to assist with business expansion or to relocate to Oklahoma.

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.

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