Oklahoma City, Oklahoma 73105
For Immediate Release: April 16, 2014
Sen. Ron Sharp
Governor’s desk next stop for bill
to help state’s small businesses
Small businesses in Cleveland, Oklahoma and Tulsa
counties could soon be able to qualify for the Oklahoma Small Employer
Quality Jobs Incentive Act thanks to legislation given final approval
Tuesday. House Bill 2956, by Sen. Ron Sharp and Rep. Josh Cockroft,
is on its way to the Governor’s desk after passing unanimously
out of the Senate.
The bill amends the Oklahoma Small Employer Quality Jobs Incentive
Act by eliminating the requirement that qualifying establishments
locate in counties with populations under 200,000.
“This great program gives financial assistance to small businesses
allowing them to grow and expand, which ultimately provides our
state with a tremendous economic boost. Unfortunately, when the
bill was drafted in 2011, legislators didn’t realize that
they’d be excluding small communities in the state’s
three largest counties,” said Sharp, R-Shawnee. “This
change will ensure that more small businesses have the ability to
qualify for this incentive regardless of where they’re located.
I want to thank Rep. Cockroft and my colleagues for supporting Oklahoma’s
small business owners and helping get this important economic bill
to the Governor.”
The Small Employer Quality Jobs Incentive Act allows qualifying
small businesses with 90 employees or less to receive up to a five
percent cash-back incentive for up to seven years to locate or expand
The bill was supported and requested by the Oklahoma Commerce Department,
the State Chamber of Commerce, the Oklahoma City Chamber of Commerce
and other city chambers of commerce around the state.
Once signed, the new law will go into effect July 1, 2014.
For more information, contact:
Sen. Sharp: (405) 521-5539