Oklahoma offers a sales tax refund on computers, data processing equipment, related peripherals, telegraphs or telecommunications services or equipment. Loans cannot be direct to companies but are made to the Ardmore Development Authority who can re-loan the funds. The Credit Enhancement Reserve fund bolsters the credit of revenue bonds issued by the Oklahoma Development Finance Authority to bolster the credit of revenue bonds issued for loans to Oklahoma businesses. Bonds are state tax exempt and may be federal tax exempt. Industrial Development Bonds Tax exempt loans for land, buildings and other equipment.
Loans are only available to small businesses and can only be used for manufacturing projects.
Public Trust Financing Oklahoma authorizes public trust financing for economic development purposes. The Ardmore Development Authority, a public trust, has successfully completed many non-recourse bonds for industry. Available for infrastructure improvements necessary for new and expanding industries. This program meets the needs of qualified firms, at no cost to the employer. Training from the Southern Oklahoma Technology Center in Ardmore includes job-specific technical training, assistance with assessment of potential employees, organizational design, strategic planning, training in team skills, quality processes and management skills.