Oklahoma City, Oklahoma 73105
For Immediate Release: February 8, 2011
Senate Finance Committee Passes Legislation to Encourage Aerospace
Industry Growth in Oklahoma
The Senate Finance Committee approved legislation
Tuesday that will help to secure quality, high paying aerospace
jobs in Oklahoma. Senate Bill 3, authored by Senate Finance Committee
Chairman Mike Mazzei, R-Tulsa, passed unanimously.
“This legislation encourages private sector job growth in
one of our best industries,” said Sen. Mike Mazzei. “I
applaud all members of the Senate Finance Committee for being a
part of this common sense legislation that has helped to create
and retain good jobs in Oklahoma.”
SB 3 will remove the Aerospace Engineer Workforce and Recruitment
incentives from the list of credits on moratorium. The aerospace
incentives have been praised for creating hundreds of jobs since
being put in place, including the 550 jobs that Boeing announced
they would be moving to Oklahoma from California.
Mazzei said the unanimous and bi-partisan support of the bill was
“We are in agreement that these policies create good, quality
jobs in Oklahoma,” said Mazzei. “This incentive works
and is creating jobs so we decided that removing it from the moratorium
list was a good idea.”
Monday Governor Fallin stated in the State of the State address
that tax incentives should be kept if they were creating jobs and
doing what they were designed to do. The credits were fully in place
for one year before being put on moratorium. During that time hundreds
of new engineers were hired in Oklahoma and many more aerospace
jobs were successfully recruited.
SB 3 will now move to the full Senate for consideration.
For more information contact:
Senator Mazzei: (405) 521-5675