Oklahoma City business costs and incentives
Oklahoma City knows the obvious: That in business, the less it costs, the more you keep. Now more than ever, businesses are taking a closer look at Oklahoma's lower cost structure. In fact, based on a combination of lower energy, tax and labor rates, Financial World magazine has listed Oklahoma as the second lowest, cost-of-doing-business state. Reduced tax rates and lower overall tax structure position the state as one of America's most business-friendly.
The Rankings - How Oklahoma Stacks Up
- 2nd lowest -- Cost-of-doing-business
- 5th lowest -- Property taxes per capita
- 7th lowest -- Corporate income taxes per capita
- 8th lowest -- Total taxes
- 9th lowest -- Property tax rates
- 24th lowest -- Sales and taxes per capita
Incentives
In addition to Oklahoma's tax-friendly status, the state offers a myriad of incentives to help you achieve your most productive bottom line. Tax exemptions, refunds, credits and exclusions all represent money in your corporate pocket. The establishment of Enterprise Zones, support for transportation and distribution, and financing assistance are all reasons to take a closer look at Oklahoma. To review the full range of incentives offered by the state, refer to the Business Incentives and Tax Information Guide on the Oklahoma Department of Commerce website at www.locateok.com.
To learn more about Oklahoma's incentives, visit www.locateok.com.
Source: OKC Chamber of Commerce
