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PRODID:-//ChamberMaster//Event Calendar 2.0//EN
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CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220404
DTEND;VALUE=DATE:20220416
TRANSP:TRANSPARENT
X-MICROSOFT-CDO-ALLDAYEVENT:TRUE
SUMMARY:Oklahoma Innovation Expansion Program
DESCRIPTION:Oklahoma Innovation Expansion Program (OIEP)\n\nApplications will open on April 4th and close on April 15th and can be found at www.okcommerce.gov/OIEP. \n\n \n\n\n	This program makes monthly cash payment awards in the form of payroll tax rebates to help existing companies grow and boost business expansion investments in Oklahoma.\n	It is for new projects which  must be innovative projects that expand capabilities of an existing company\, lead to supply chain resiliency\, or designed to target new markets.\n	In order to be eligible\, a company must have a minimum annual payroll of $625\,000 with a minimum capital investment of $50\,000.\n	The award maximum for OIEP is $150\,000\, however companies with projects that exceed that amount should contact ODOC as they may be eligible for other programs.\n	When reviewing the applications\, they will take into consideration:\n	\n		Amount of capital investment from the company\n		The ratio of private sector dollars leveraged from OIEP awards\n		Number of existing jobs\n		Number of projected new jobs\n		Average wages paid to employees\n		Projects must provide a net positive benefit for the state.
X-ALT-DESC;FMTTYPE=text/html:<p style="color: rgb(50\, 49\, 48)\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;"><b>Oklahoma Innovation Expansion Program (<span style="margin: 0px\; padding: 0px\; border: 0px\; font: inherit\; vertical-align: baseline\; color: inherit\;">OIEP)</span></b><br />\n<span style="margin: 0px\; padding: 0px\; border: 0px\; font: inherit\; vertical-align: baseline\; color: inherit\;">Applications will open on April 4<sup>th</sup>&nbsp\;and close on April 15<sup>th</sup>&nbsp\;and can be found at&nbsp\;<a data-auth="NotApplicable" data-linkindex="0" href="https://linkprotect.cudasvc.com/url?a=http%3a%2f%2fwww.okcommerce.gov%2fOIEP&amp\;c=E\,1\,ulAs-MXuTGN0spxSJ4QrkCEKqmcdw7g2sur3TbT1tSCkiT_p-FKb9nTPFHXkDIsYCvgmI_VaHQxNDMRxPAw7_Ha6NC9y84p9a_bj6OkB8g\,\,&amp\;typo=1" rel="noopener noreferrer" style="margin: 0px\; padding: 0px\; border: 0px\; font: inherit\; vertical-align: baseline\;" target="_blank">www.okcommerce.gov/OIEP</a>.&nbsp\;</span></span></p>\n\n<p style="color: rgb(50\, 49\, 48)\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">&nbsp\;</span></p>\n\n<ul style="color: rgb(50\, 49\, 48)\; font-family: &quot\;Segoe UI&quot\;\, &quot\;Segoe UI Web (West European)&quot\;\, &quot\;Segoe UI&quot\;\, -apple-system\, BlinkMacSystemFont\, Roboto\, &quot\;Helvetica Neue&quot\;\, sans-serif\; font-size: 15px\; margin-top: 0px\; margin-bottom: 0px\;" type="disc">\n	<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">This program makes monthly cash&nbsp\;<span style="margin: 0px\; padding: 0px\; border: 0px\; font: inherit\; vertical-align: baseline\; color: inherit\;">payment</span>&nbsp\;awards in the form of payroll tax rebates to help existing companies grow and boost business expansion investments in Oklahoma.</span></li>\n	<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">It is for new projects which&#8203\;&nbsp\;must be innovative projects that expand capabilities of an existing company\, lead to supply chain resiliency\, or designed to target new markets.</span></li>\n	<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">In order to be eligible\, a company must have a minimum annual payroll of $625\,000 with a minimum capital investment of $50\,000.</span></li>\n	<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">The award maximum for OIEP is $150\,000\, however companies with projects that exceed that amount should contact ODOC as they may be eligible for other programs.</span></li>\n	<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">When reviewing the applications\, they will take into consideration:</span>\n	<ul style="margin-top: 0px\; margin-bottom: 0px\;" type="circle">\n		<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">Amount of capital investment from the company</span></li>\n		<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">The ratio of private sector dollars leveraged from OIEP awards</span></li>\n		<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">Number of existing jobs</span></li>\n		<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">Number of projected new jobs</span></li>\n		<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">Average wages paid to employees</span></li>\n		<li style="color: black\; font-size: 11pt\; font-family: Calibri\, sans-serif\; margin: 0px\;"><span style="margin: 0px\; padding: 0px\; border: 1pt none windowtext\; font: inherit\; vertical-align: baseline\; color: rgb(32\, 31\, 30)\;">Projects must provide a net positive benefit for the state.</span></li>\n	</ul>\n	</li>\n</ul>\n
LOCATION:
UID:e.1611.8302
SEQUENCE:3
DTSTAMP:20260405T144947Z
URL:https://portal.bixbychamber.com/events/details/oklahoma-innovation-expansion-program-8302
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