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Strategic Investment Program (SIP)
Oklahoma City continues to make strides in building its first-class business environment. Together with a quality, available workforce and one of the lowest costs to do business in the country, the Strategic Investment Program (SIP) makes it even easier to choose Oklahoma City for expansion or new-to-market ventures.
Oklahoma City's groundbreaking Strategic Investment Program (SIP) is a discretionary incentive fund designed to help companies that are looking to expand or locate their operations in Oklahoma City. The SIP is similar to the state's well-known Quality Jobs Program in that it provides qualifying companies who meet certain annual wage and new payroll / employment thresholds with cash payments.
Strategic Investment Program Highlights:
- Incentive analysis for projects based on wage and minimum job threshold
- Companies must be located in Oklahoma City
- Companies must hire a minimum of 50 full-time employees, produce an annual payroll of $1.75 million and meet specific average wage requirements.
- Average wages for the jobs must meet or exceed the average wage of the Oklahoma City Metropolitan Statistical Area.
- Employers must also pay at least half the cost of employee health care benefits.
Potential grant amounts will be based on available funds at the time a company applies for an award through this program. For more information, contact the Economic Development Team at the Greater Oklahoma City Chamber for a confidential analysis.
1-405-297-8954 (Local / International)
GREATER OKLAHOMA CITY CHAMBER ECONOMIC DEVELOPMENT STAFF
Dennis Pruitt
Senior Vice President of Economic Development
(405) 297-8991
dpruitt@okcchamber.com
Carri Smith
Economic Development Assistant
(405) 297-8937
csmith@okcchamber.com
BUSINESS RECRUITMENT STAFF
Jennifer Martin
Business Development Manager
(405) 297-8945
jmartin@okcchamber.com
Alex Cubley
Economic Development Manager
(405) 297-8956
acubley@okcchamber.com
