Business Expansion Incentive Program (BEIP)

The Business Expansion Incentive Program (BEIP) assists Oklahoma companies making major capital investments in machinery, equipment and buildings. Home / Doing Business / Business Relocation + Expansion / Taxes + Incentives / Business Expansion Incentive Program (BEIP) Business Expansion Incentive Program (BEIP) The Business Expansion Incentive Program (BEIP) assists Oklahoma companies making major capital investments in depreciable items like machinery, equipment and buildings. This incentive makes quarterly cash payment awards to help companies grow and boost business expansion investments in Oklahoma. A typical incentive award is to a manufacturing company with an existing employee base making an investment of $2 million or more to expand their Oklahoma operation. BEIP One Sheet Learn more about how the Business Expansion Incentive Program assists Oklahoma companies making major capital investments. Download the BEIP Guide Analysis and assistance at no cost When considering an expansion to your Oklahoma operation, call us first. Contact the Oklahoma Team at 800-588-5959. Download the agreement for participation for BEIP Apply for the Business Expansion Incentive Program Financial Incentive For Your Expansion We value and appreciate companies that operate in Oklahoma. When it’s time to expand, call the Oklahoma Department of Commerce to see if your capital investment could qualify for this incentive. Lower the cost of a capital project Improve return on investment Increase the scope of a planned expansion Enhance ability to finance a project Profile of a Successful Project To qualify for the incentive, companies typically need to meet or exceed these requirements: $2 million or greater in capital investment $2 million or greater in total annual existing payroll Program Results The economic health of Oklahoma’s companies is a priority for the Oklahoma Department of Commerce. BEIP assists companies making major capital investments. Our map has details and locations for the BEIP awards from 2021 to the present. Launch the BEIP awards map Disclaimer The materials contained on this website have been prepared by the Oklahoma Department of Commerce for informational purposes only and do not constitute legal or tax advice. This information is subject to change based on judicial interpretation and legislative action. The application of the information is subject to your unique facts and circumstances. YOU SHOULD NOT ACT UPON ANY INFORMATION CONTAINED IN THESE MATERIALS WITHOUT SEEKING YOUR OWN PROFESSIONAL LEGAL AND TAX ADVICE. Your Research & Economic Analysis Services Team Let us know if you need more information or specific data for site selection or other economic services. Jon is the Chief Partner & Programs Advisor. He also leads the State Data Center, a partner of the Census Bureau. He leads the team responsible for economic analyses/impacts, incentives evaluations/analyses, trade reports, community-focused workshops/training, and more. Jon Chiappe Chief Partner & Programs Advisor Aldwyn is the Director of Commerce’s Economic Data & Research Services team. In this role, he focuses on economic analyses, strategic planning, economic impacts, incentives evaluations/analyses, trade reports, community-focused workshops and training, and more. Aldwyn Sappleton Director of Research & Economic Analysis Services Showing Slide 1 of 2 Keyword Search Linkedin Facebook Youtube Thank you for visiting the Oklahoma Department of Commerce. The news from Oklahoma Now (now.okcommerce.gov) can now be found on the new and improved Read our latest business news  here.