Four Tulsa companies — spanning
the energy, manufacturing, and heating
and air sectors — were among six
firms accepted into the Oklahoma
Quality Jobs Program for payroll tax
incentives, the state Department of
Commerce announced Thursday.
Payroll tax rebates could total
more than $8 million if the four Tulsa
companies hire and retain nearly
280 people overall.
The local Quality Jobs enrollees are
Mid-Con Energy Operating
Inc., Circle
B Measurement
and Fabrication
LLC, Specific Systems LTD
and Taylor Forge
Engineered Systems
Inc.
Mid-Con Energy,
a Tulsa
waterflood gas
and oil producer,
could be the biggest
beneficiary if it creates 45 jobs.
Mid-Con’s payroll tax rebates could
total $2.995 million over the life of
the program.
Taylor Forge, a steel fabricator for
the energy market, could receive
$2.17 million for 93 new jobs under
its growth plans. Circle B and Specific
Systems are looking to hire 65
and 77 workers and gain $1.41 million
and $1.61 million in payroll tax
rebates, respectively.
Circle B fabricates natural gas
measurement and process equipment.
Specific Systems designs and
builds environmental air-conditioning,
heating, ventilation and pressurization
equipment.
Companies outside of metro Tulsa
qualifying for the program are Carlisle
Foodservice Products Inc. of
Oklahoma City, which will add 182
employees at a maximum benefit of
$2.5 million, and Dollar Tree Distribution
Inc. of Marietta, which will add 173 jobs at a maximum
benefit of $1.8 million.
The rebate is up to 5 percent
of taxable payroll if the
enrolled company remains
eligible. Quality Jobs firms
must hold central offices
in-state or generate 75 percent
of total sales out of state
while also achieving a $2.5
million taxable payroll for
four consecutive quarters
during the first three years in
the program.
Since its inception in 1993,
the Quality Jobs program has
issued more than 685 contracts
to locating, expanding
and start-up businesses, with
$820 million in performance-based
wage rebates paid out.
CONTACT THE REPORTER
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