Okla. Stat. tit. 62, § 62-2103
This is the official text of Okla. Stat. tit. 62, § 62-2103, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Grant eligibility criteria
Official statutory text
A. For the purpose of developing, constructing, or improving an
industrial facility, a community shall be eligible to apply for a
grant from the Industrial Facilities Development Fund through the
Oklahoma Department of Commerce.
B. In order to be eligible for a grant, the community must
establish to the Department that it:
1. Has previously demonstrated an ability to recruit new
manufacturing business activity. A community may satisfy this
requirement by proving that an establishment has located a
manufacturing activity within the community employing at least ten
persons not more than five (5) years prior to the date as of which
the community makes application for funding; or
2. Employs at least one person on a full-time basis or is
benefited by the efforts of at least one full-time employee of a
local chamber of commerce or similar organization whose principal
duty is the recruitment of new business activity to the community.
C. The community shall include in the application a statement
of the estimated total project cost for the industrial facility.
The community, or a combination of the community and the
Oklahoma Statutes - Title 62. Public Finance Page 633
establishment for whose benefit the industrial facility will be
constructed or improved, shall be required to provide matching funds
equal to at least twenty-five percent (25%) of the total cost of the
project in order to receive a grant from the Industrial Facilities
Development Fund.
industrial facility, a community shall be eligible to apply for a
grant from the Industrial Facilities Development Fund through the
Oklahoma Department of Commerce.
B. In order to be eligible for a grant, the community must
establish to the Department that it:
1. Has previously demonstrated an ability to recruit new
manufacturing business activity. A community may satisfy this
requirement by proving that an establishment has located a
manufacturing activity within the community employing at least ten
persons not more than five (5) years prior to the date as of which
the community makes application for funding; or
2. Employs at least one person on a full-time basis or is
benefited by the efforts of at least one full-time employee of a
local chamber of commerce or similar organization whose principal
duty is the recruitment of new business activity to the community.
C. The community shall include in the application a statement
of the estimated total project cost for the industrial facility.
The community, or a combination of the community and the
Oklahoma Statutes - Title 62. Public Finance Page 633
establishment for whose benefit the industrial facility will be
constructed or improved, shall be required to provide matching funds
equal to at least twenty-five percent (25%) of the total cost of the
project in order to receive a grant from the Industrial Facilities
Development Fund.
Status: in_force · Read it on the official government site
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