Okla. Admin. Code § 150:65-1-3

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

Section 150:65-1-3 - Eligible entities

Eligible entities which may apply for the Oklahoma Quality Jobs Program are establishments that:

(1) Meet the definition of a "basic industry" as set forth in Section 3603 of Title 68 of the Oklahoma Statutes;

(2) Offer medical benefits to the holders of new direct jobs through a health benefits plan meeting the requirements of the Oklahoma Quality Jobs Program Act and this chapter;

(3) Have an annual gross payroll for new direct jobs projected to equal or exceed Two Million Five Hundred Thousand Dollars ($2,500,000.00) within three (3) years of the date of the first incentive payment. Provided, that for establishments applying under NAICS 551114 only payroll from those jobs associated with the corporate headquarters function shall be allowed; and

(4) Have a number of full-time employees working an average of thirty (30) or more hours per week in new direct jobs equal to or in excess of eighty percent (80%) of the total number of new direct jobs. Provided, full-time employees provided through lease or contract by a third party employer may be included if they meet the definition of new direct jobs of the applicant.

(5) Industry Group Numbers 3111 through 3119 of the NAICS Manual shall be required to meet the requirements set forth at 68 O.S. § 3604(D).

(6) An establishment which locates its principal business activity on a site containing at least ten (10) acres which, that meets the requirements set forth in 68 O.S. § 3604(E)(1) shall be required to meet the requirements set forth in 68 O.S, § 3604(E)(2) through 68 O.S. § 3604(E)(4).

(7) New direct jobs must be paid an annualized wage which equals or exceeds the thresholds set forth in 68 O.S. § 3604(F)(1) and (2), except for those otherwise qualified establishments that locate in an opportunity zone as set forth in 68 O.S. § 3604(G).

(8) An establishment which meets the requirements set forth at 68 O.S. § 3603(A)(6)(e) may apply under those provisions.

Okla. Admin. Code § 150:65-1-3

Added at 10 Ok Reg 4723, eff 9-17-93 (emergency); Added at 11 Ok Reg 3671, eff 7-15-94; Amended at 12 Ok Reg 19, eff 9-29-94 (emergency); Amended at 12 Ok Reg 1339, eff 5-25-95; Amended at 22 Ok Reg 1727, eff 6-25-05; Amended at 23 Ok Reg 1200, eff 5-25-06; Amended at 24 Ok Reg 1202, eff 5-25-07; Amended at 25 Ok Reg 1537, eff 6-12-08