Workforce tax credit gives state competitive edge

Published: Monday, November 30, 2020 By: Justin Tinder Source: VeloCity

Promoting both the momentum and the growth of the aerospace industry has been a top priority of the Greater Oklahoma City Chamber for many years.

The growing sector, which now employs more than 120,000 people and generates a $44 billion economic impact across the state, has developed beyond repair, maintenance and overhaul to include advanced engineering, weapons systems and unmanned aircraft.

The pandemic has undoubtedly created significant headwinds for firms of all sizes, but a simple fact remains--attracting and keeping top-flight talent is always a priority for innovative firms.

One stabilizing force is the continued use of aerospace companies taking advantage of the state’s ambitious Aerospace Engineer Workforce Tax Credit, a priority economic development program for the Chamber’s Economic Development and Government Relations divisions.

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