Okla. Admin. Code § 150:130-1-4

Current through Vol. 42, No. 7, December 16, 2024

Section 150:130-1-4 - Application and required information

(a) An establishment shall prepare a written application following the guidelines, forms, and procedures as set forth in the application prepared by the Oklahoma Department of Commerce and approved by the Quality Investment Committee. An establishment shall be required to provide the following information:

(1) The location of the project and if the location is an economically distressed area of the State.

(2) The number of jobs that are at risk and the average salary of the jobs at risk.

(3) The calendar year and quarter in which the investment begins.

(4) The projected employment and investment resulting from the project over three (3) years.

(5) The third year average salary of the new workers hired in the new direct jobs.

(6) A description of the establishment's operations and the lines of business and operations of the project for which an application is being submitted.

(7) NAICS code number for the establishment.

(8) Business plans.

(9) Feasibility studies.

(10) Financing proposals.

(11) Financial statements for the previous three (3) years.

(12) Marketing plans.

(13) Registration with the Oklahoma Secretary of State.

(14) Registration with the Commission.

(15) Such other information as may be required by the Department for a full and detailed analysis of the project.

(b) The establishment shall also provide a copy of its basic health benefits plan offered to employees or a description of the plan that will be offered within twelve (12) months of the date that it enters into a Quality Investment Contract.

Okla. Admin. Code § 150:130-1-4

Added at 24 Ok Reg 2813, eff 7-13-07 (emergency); Added at 25 Ok Reg 1542, eff 6-12-08