Why Select MidAmerica
Labor related Issues
- Labor Costs
Ranked among the best in the nation, the Training for Industry Program (TIP) is provided FREE by the Oklahoma Department of Career & Technology Education. Often described as "Oklahoma's Secret Weapon", the program may include job-specific technical training, employee assessment, organizational design, strategic planning, and much more. Each program is "custom-designed" to meet the specific needs of a company. Training takes place with the local technology center, Northeast Technology Centers at either the on-site Industry Training Center at the MidAmerica Industrial Airport or at the south campus just west of Pryor Creek.
The Oklahoma Employment Security Commission provides customized assistance in the screening and referral of qualified job applicants at NO cost to business. Local and statewide labor searches are also available.
The Job Training Partnership Act provides 50% of on-the-job training costs and 100% of the classroom training for qualified low-income individuals.
- Availability of skilled labor
When communities are certified as Work Ready, they gain a competitive advantage over non-certified communities because they can quantify a skilled workforce to an existing employer or a new business considering Oklahoma for a new location. Mayes County, the home of MidAmerica, is the first geographic area in the nation to be designated as a Certified Work Ready Community.
Mayes County leaders worked closely with their local Workforce Oklahoma center and the Northeast Oklahoma Workforce Investment Board to become one of the first communities to use the WorkKeys assessment test to measure the readiness of potential employees. In Mayes County, WorkKeys exams are given by OSU Institute of Technology, Workforce Oklahoma, the Cherokee Nation and Northeast Technology Centers.
- Right to work
Oklahoma is a Right-to-work state. The term "right to work", under US law, refers to the individual right to work at any job without being forced to join or pay money to a union.
Highway Accessibility - MidAmerica is located in northeast Oklahoma at the crossroads of US Highways 69 and 412, and near "America's Crossroads" - I-35, I-40 and I-44. The site is just 38 miles east of Tulsa, Oklahoma and 60 miles west of Fayetteville, Arkansas. MidAmerica is also located virtually midway between two of the fastest growing metropolitan areas - Dallas / Fort Worth, Texas (267 miles) and Kansas City, Missouri (245 miles). Three major interstate highways are nearby: I-44, 21 miles north; I-40, 57 miles south; and I-35,129 miles west.
- Advanced ICT services
For companies that must rely on high-speed telecommunications networks for voice and data transmission, MidAmerica offers state-of-the-art solutions to meet a wide variety of requirements. Our infrastructure ranges from fiber optic rings and two points-of-presence to DSL service and wireless internet capability. There are three providers AT&T, FairPoint Communications and RECtec. K-PowerNet and MBO provide backhaul fiber.
- Energy Availability
Electrical service to MidAmerica is provided by the Grand River Dam Authority (GRDA), a cost-of-service provider and public power company.
GRDA's primary power generation facilities are located on-site at MidAmerica. Also, GRDA's Engineering & Transmission Headquarters are located in the park to assure short response times to meet unforeseen problems. Plus, there are two transmission substations and five distribution substations located throughout the park.
GRDA sells electricity at "wholesale rates" to MidAmerica industries. GRDA's total generating capacity is approximately 1,928 megawatts, of which 198 megawatts are owned by KAMO Electric. The fact that GRDA is a public power company and has significant percentage of power generation in hydropower are two main reasons for low cost power.
Additionally, there is one other source of power at MidAmerica: AECI/KAMO Power with a 1,062-megawatt capacity from two combined cycle natural gas fired plants. This source is interconnected with GRDA. Hence, the park is dual fed by two different power plants.
Land and building availability
- Construction Costs
MidAmerica also has a number of shovel-ready sites available for immediate construction. Shovel-ready sites will allow you the opportunity to start construction immediately without delays that are so common with building of large industrial manufacturing or distribution facilities.
Our shovel ready sites do not require building permits. If a site is purchased in the morning, construction can begin in the afternoon. These sites have all the utilities in place, ready to connect. The park owns the water and wastewater treatment systems and carries an umbrella NPDES permit to cover the discharge requirements for industries.
Oklahoma continues to be recognized for its outstanding business location and job growth incentives.
- Quality Jobs 10-Year Cash Incentive
Oklahoma’s successful Quality Jobs incentive program promotes job growth and helps improve your company’s bottom line by injecting cash back into your business as you expand and create new jobs in Oklahoma. The Quality Jobs (QJ) program provides a cash rebate to companies that create well-paid jobs and promote economic development.
• Cash payments of up to 5% of new payroll for up to 10 years
• Must meet average county wage or $31,297, whichever is lower
• Company must achieve $2.5M new annual payroll within 3 years
• Must offer basic health insurance
• May be combined with Investment/New Jobs Tax Credit under certain circumstances
- Small Employer Quality Jobs 7-Year Cash Incentive
The Small Employer Quality Jobs Program provides incentive payments to a qualifying small employer. The payments may reach as high as 5% of new taxable payroll and last for up to seven years. Qualifying payroll must be attributable to annual salaries that are at least 110% to 125% of the average wage of the county in which the jobs are located.
• Cash payments of up to 5% of new payroll for up to 7 years
• Must have 90 employees or less
• Must meet 110% of the average county wage
• Must have 75% out-of-state sales
• Must offer basic health insurance
• Targeted to manufacturers
- Investment / New Jobs Tax Credit Package
Investment/New Jobs Tax Credits provide growing manufacturers a significant tax credit based on either an investment in depreciable property OR on the addition of full-time-equivalent employees engaged in manufacturing, processing, or aircraft maintenance.
• Choice of tax credit based on investment OR new employees
• Five-year state tax credit on the greater of 1% per year of investment in new depreciable property or $500 per new employee
• Credit doubles in Enterprise Zones
• Credit doubles if investment exceeds $40 million
• Minimum investment of $50,000
• These tax credits accrue and may be claimed on July 1, 2012
• May be combined with Quality Jobs under certain circumstances. See Quality Jobs + Investment Tax Credits.
- Quality Jobs + Investment Tax Credits
These incentives target manufacturing industries that have a large capital investment of at least $40 million in addition to creating new jobs that pay higher than average wages equaling $40,747. The incentives also allow a five-year tax credit of 2% per year of investment in qualified new depreciable property. The tax credits accrue and may be claimed on July 1, 2012.
- 21st Century Quality Jobs 10-Year Cash Incentive
This new incentive was created in 2009 to attract growth industries and sectors to Oklahoma in the 21st Century through a policy of rewarding businesses with a highly skilled, knowledge-based workforce.
The first of its kind, this incentive reduces out-of-state sales requirements from 75% to 50% for industries that are required to have out-of-state sales and requires only 10 full-time jobs at an annual wage of the lesser of $102,300 or 300% of the county’s average wage. It also maximizes the eligible incentive payment by incorporating expanded state benefits by allowing a net benefit rate of up to 10% of payroll.
• Requires at least 10 full-time jobs at an annual average wage of the lesser of $102,300 or 300% of the county’s average wage
• Allows a net benefit rate of up to 10% of payroll for up to 10 years
• Out-of-state sales must be at least 50%
Knowledge-based service industries, including professional, scientific and technical services; music, film and performing arts; and specialty hospitals.
- PrimeWin Prime Contractor Incentive
The only incentive of its kind in the nation, PrimeWIN provides a cash benefit and a certified subcontractor base for federal prime contractors. PrimeWIN is a performance-based program that requires subcontracting with an Oklahoma workforce.
PrimeWIN offers federal prime contractors a cash rebate of up to 2% of the Oklahoma workforce loaded labor cost. Cash incentives are paid quarterly for a maximum of 10 years by the Oklahoma Tax Commission.
PrimeWIN provides contractors with an easy-to-access conduit to hundreds of pre-certified subcontractors assuring productivity and quality while meeting schedule demands.
- Economic Development Pooled Finance
The Oklahoma Community Economic Development Pooled Finance incentive creates a financing incentive that targets job creation and infrastructure development aid; and a foundation of ensuring Oklahoma’s infrastructure is high quality for attracting and retaining jobs.
- Save More, Keep More: Additional Incentives for Businesses
To spur private investment in low-income urban and rural communities, investors receive a 39% federal tax credit.
- Sales Tax Refunds on Construction Materials
This incentive is available on construction materials for certain manufacturers and aircraft maintenance repair facilities, on purchases of computers, data processing equipment, telecommunication equipment for certain aircraft facilities, and for purchases of computer services and data processing equipment for qualified computer services or research and development companies.
- Training for Industry Program
Consistently ranked as one of the nation’s leading workforce training efforts, Oklahoma’s Training for Industry Program (TIP), a CareerTech initiative, is a no-cost/low-cost way for new or growing companies that create jobs to get a skilled, focused, and motivated workforce.
- Aerospace Industry Engineer Workforce Tax Credit
Effective July 1, 2012, aerospace companies hiring engineers will receive tax credit up to 10% of the compensation paid to an engineer during the first five years of employment.
- Five-Year Ad Valorem Tax Exemption
To encourage advanced manufacturing, research and development, warehouse and distribution, wind, solar energy, and other renewable/alternative energy companies to locate or expand manufacturing facilities within Oklahoma. A qualifying manufacturing company can abate ad valorem taxes upon new, expanded or acquired manufacturing facilities and equipment for a period of five years.
- Freeport Inventory Benefits
Exempts from taxation goods, wares and merchandise that come from outside the state and leave the state within nine months if such goods, wares and merchandise are held for assembly, storage, manufacturing, processing or fabricating purposes within the state.
- Industrial Access Road Assistance
Designed to provide assistance to local industrial development efforts by funding, within practical limitations, access facilities connecting a specific industry or industrial area directly to the state or local road system.
- Foreign Trade Zones
The benefits of operating within a designated site licensed by the Foreign Trade Zones (FTZ) Board are obvious. At the very least, a FTZ can help you defer paying duties. More often, the company pays lower costs, not only to U.S. Customs, but to its bank, insurance company, and other vendors. MidAmerica is a FTZ.
- Additional Incentives Available To Communities for Locating and Expanding Businesses
Economic Development Pooled Finance - Available to local governments in conjunction with a for-profit entity for economic development projects. Also available to local governments for infrastructure assets which must be owned by the local government.
CDBG/EDIF - Grants of up to $500,000 are available to Oklahoma companies for business expansion, or up to $1 million for new out-of-state companies who are moving their business to Oklahoma and based upon new jobs and leverage. Companies must pay at least 110% of average county wage for all new jobs. At least 51% of the new jobs must be made available to low and moderate income persons.
Tax Increment Financing and local incentives vary by location.
- Corporate tax rates
Oklahoma’s overall business and personal tax burden is relatively low when compared to the rest of the country. The corporate income tax is 6% of federal taxable income; the state sales tax rate is 4.5%. When comparing the maximum corporate tax and sales tax rates of all 50 states, Oklahoma ranks in the bottom third.
Currently the maximum federal corporate tax on net income is 34%. The maximum Oklahoma corporate tax on net income is 6% of the portion of corporate income earned in Oklahoma.
The materials contained in the incentives summary have been prepared by the Oklahoma Department of Commerce for informational purposes only and do not constitute legal or tax advice. This information is subject to change based on judicial interpretation and legislative action. The application of the information is subject to your unique facts and circumstances. YOU SHOULD NOT ACT UPON ANY INFORMATION CONTAINED IN THESE MATERIALS WITHOUT SEEKING YOUR OWN PROFESSIONAL LEGAL AND TAX ADVICE.
At 9,000 acres, MidAmerica is one of the nation’s largest industrial parks, strategically located at a northeast Oklahoma crossroads.
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