Build in a City That Wants You

Tax Increment Financing (TIF) is a funding tool used to encourage and leverage private and public investment in specific areas of Tulsa. TIF is used to build and repair public infrastructure, encourage placemaking and assist in the development of unproductive properties.

Private Activity Bonds (PABs) are tax-exempt municipal bonds issued by the City of Tulsa on behalf of private borrowers. These bonds secure lower borrowing costs for non-government projects that benefit the public, such as affordable housing.

The Economic Development Infrastructure Fund assists in the development of public infrastructure for job creation, expansion and retention projects. The current policy document that describes the program, criteria for qualification, and evaluation process can be found below.

Tax abatements offer relief from ad valorem taxes on improvements for a particular project and can be particularly impactful for community-oriented projects. Tax Incentive Districts typically provide a five-year abatement on local property taxes for specific development projects.

Oklahoma has some of the lowest tax rates and some of the best tax incentives in the nation. The state offers companies a low cost of doing business, a low cost of living for employees, and tax rebates that reduce tax burdens even further. The State of Oklahoma also offers incentives for businesses looking to relocate to the state, from workforce tax credits to expansion incentives and more. TAEO staff is happy to help you navigate that process.

TAEO provides concierge services for businesses and support for large projects through its Business Services Liaison. Businesses are encouraged to contact TAEO with coordination issues on permits or questions about City of Tulsa development processes.