Economic Development

Incentives

Enid knows that profit is your #1 goal and we are here to help you obtain that goal. Enid has had much success because of a progressive business climate and our community leader's pro-business attitudes. We want to help you reduce your costs and increase your profitability. Make no mistake; we want your business in Enid.

LAND:

• The Garfield County Industrial Park is conveniently located just 6 miles east from downtown Enid . The park has approximately 100 acres available for development. The park is served by water and sewer utility service. Rail service is available long the south side of the park. Download a map of the GCIA park.
• The Cimarron Industrial Park is situated adjacent to Enid Woodring Regional Airport . The park has approximately 80 acres available for development. The site is currently served by a comprehensive utility infrastructure and the land can be development as individual lots or as a single industrial site. Download a map of the Cimarron Industrial Park.

• Both industrial parks as designated as Oklahoma Certified Industrial Parks.

FINANCING:

• Enid offers Local Quality Jobs Incentives that are tied to payroll thresholds, wage levels and new capital investment.

• Tax Increment Financing-For projects that involve major capital investment, tax increment financing can be utilized to help pay a portion of the project costs. Establishing a TIF district allows the city or county to capture the incremental property tax generated by the project and use the new revenue to pay for public and private improvements.

• Construction and ownership of buildings through a trust authority can help a company by keeping the cost off the balance sheet, making the lease payment fully deductible and lowering property taxes.

Autry Technology Center is located in Enid and is the fifth largest technology center in Oklahoma . Autry Tech provides full-term programs, short-term programs and customized training to meet the needs of new firms locating in Enid or firms expanding their operations. Autry Tech provides technology training in computer, aviation, electronics, professional development and much more.

LABOR FORCE:

In a recent Labor Quality Index study conducted by Lawton Unlimited, Inc., a site selection consulting firm, Enid is the third best place in the nation to bring a new industry. Higher education in the areas of Northwestern Oklahoma State University-Enid and Northern Oklahoma College-Enid work to ensure the work force is training to meet business needs.

Oklahoma is now a Right-To-Work state. In September 2001, Oklahoma approved a constitutional amendment giving individuals the right to work regardless or paid membership or financial support of a labor union or organization.

INCENTIVES

STATE OF OKLAHOMA

• The Oklahoma Quality Jobs Program is an innovative program that allows qualifying businesses creating new quality jobs to receive a special inventive to locate or expand in Oklhoama. It is a straighforwrd, easy to access and understand program which provides direct payments (based on new wages paid) to companies for up to ten years.
• The Oklahoma Investment / New Jobs Tax Credits is an incentive that primarily targets manufacturing.  It allows a five-year tax credit on the greater of (1%) per year of investment in qualified new depreciable property or a credit of $500 per year per new job, doubled in an Enterprise Zone. Download a census tract map.
• Oklahoma ’s Training for Industry Program (TIP) is offered through the Oklahoma Department of Career and Technology Education and assists qualifying businesses by paying for training for new employees.  In some areas retraining or upgrading courses are offered.  Training can be done on-site or at one of the 54 career tech centers across the state, including the one in Enid .  Eligibility is determined based on number of new jobs and new payroll created in Oklahoma .

ADDITIONAL INCENTIVES

• Five Year Ad Valorem Tax Exemption for Manufacturing, Research & development and certain Computer/Data Processing Services.
• Customized Employee Training
• Key Sales Tax Exemption for processing Machinery & Equipment, Electricity, Fuel, other Tangible Property used in Manufacturing and Interstate 1-800 WATS and Private-line Business Telecommunications Systems
• Freeport Law
• Industrial Access Road Assistance (Limited under Option 1)
• Foreign Trade Zones
• State and Local Financing Programs

For comprehensive information on Oklahoma state incentives, please visit the Oklahoma Department of Commerce website at www.okcommerce.gov.