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 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 in Oklahoma.
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