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Duncan Area Economic Development Foundation

8100 North Highway 81
Duncan, OK 73533
P: +1 580-255-9675

Duncan Quality Jobs Incentive

Other
Start Date
End Date
Target Counties 1
Target Industries 5
Administration
Duncan Area Economic Development Foundation
Eligibility Requirements
Direct cash incentive for new job creation projected over eight to twelve quarters, based on average salary. Cash to qualifying company for jobs that pay over $35,000 plus benefits.
Additional Comments
All local incentives are in addition to any state incentives received

Land-Purchase and Conveyance

Other
Start Date
End Date
Target Counties 1
Target Industries 5
Administration
Duncan Area Economic Development Foundation
Eligibility Requirements
Purchase of land site for the company can be made as an incentive by DAEDF based on projection of new jobs development and capital investment by the company.
Additional Comments
All local incentives are in addition to any state incentives received

Forgivable Loan Program

Other
Start Date
End Date
Target Counties 1
Target Industries 5
Administration
Duncan Area Economic Development Foundation
Range of Benefits
Potential land grant and build to suit with lease back or purchase. This will free up company's capital for equipment and other start up costs. Duncan is a Fast Track to Success!
Eligibility Requirements
DAEDF can provide low-interest notes or loans that can be forgiven when companies meet specified objectives.
Additional Comments
All local incentives are in addition to any state incentives received

Former Indian Lands

Other
Start Date
End Date
Target Counties 1
Target Industries 6
Range of Benefits
The depreciation schedule of the investment is for a shorter recovery period of approximately 40% for nonresidential property.
Eligibility Requirements
Duncan sites are located in former Indian lands, which allow around 40% accelerated depreciation. Don't miss how this effects the bottom line. Duncan is a Fast Track to Success.

Training for Industry Program (TIP)

Training Grants
Start Date
End Date
Target Counties 1
Target Industries 5
Eligibility Requirements
Training for Industry Program (TIP) is available. TIP is funded through state funds and can also be supplemented through DAEDF funds as a local incentive. This training is provided by Duncan’s Red River Technology and Business Center at little or no cost to companies that qualify.
Additional Comments
All local incentives are in addition to any state incentives received

Local Property Tax Abatement

Other
Start Date
End Date
Target Counties 1
Target Industries 6
Eligibility Requirements
Real and personal property used in the manufacturing process earns a five year abatement assuming a minimum of $250,000 in investment and $250,000 in new payroll or $2,000,000 in new investment and no reduction in payroll.
Additional Comments
All local incentives are in addition to any state incentives received

Tax Increment Financing (TIF)

Other
Start Date
End Date
Target Counties 1
Target Industries 5
Eligibility Requirements
Cities and counties in Oklahoma may create tax increment districts to provide funding for economic development in distressed areas. Proceeds from the tax can be used for infrastructure.
Additional Comments
All local incentives are in addition to any state incentives received

Did You Know?

  • Duncan, Oklahoma is located in Stephens County. All of Stephens County is a qualified HUB Zone. Most of Stephens County is located in the Chickasaw Tribal Area (Oklahoma Tribal Statistical Area).
  • Low Cost of Doing Business (Labor, Utilities, Incentives) Duncan has a proven manufacturing workforce. Utilities are 30% lower than the national average. Outstanding local and state incentives.
  • Highly skilled manufacturing workforce is available. (machinists, welders, engineers, assemblers, electronic technicians, etc.) Unemployment usually around 4%, but 10.8% July2016 due to O&G downturn.
  • Cash to qualifying company for jobs that pay over $35,000 plus benefits. Duncan properties are in an Opportunity Zone for State Quality Jobs incentive. Duncan is a Fast Track to Success!
  • Potential land grant and build to suit with lease back or purchase. This will free up company's capital for equipment and other start up costs. Duncan is a Fast Track to Success!
  • Customized job training incentive available through our local career technology center. Utilize your company trainer or ours. Duncan is a Fast Track to Success!
  • Duncan sites are located in former indian lands, which allow around 40% accelerated depreciation. Don't miss how this effects the bottom line. Duncan is a Fast Track to Success!
  • Potential 5 year property tax abatement for manufacturers. Potential New Market Tax Credits (70 acre site), an Enterprise Zone that may double new job tax credits. Duncan is a Fast Track to Success!
  • Potential HUB Zone (Duncan's 290 and 70 acre sites). Duncan is a Fast Track to Success!

HUBZones Value
Opportunity Zones
Census Tracts 1
Qualified or Redesignated HUBZones
Census Tracts 1
County Yes
Indian Lands None
Closed Bases None
Foreign Trade Zone Numbers
Stephens County, OK #106
Incentive Business Need Count
Incentives by State
Oklahoma 58
Business management 1
Incentive Category Count
Tax 1
Business management; Facility/site location; Marketing & sales assistance 1
Incentive Category Count
Tax 1
Business management; Facility/site location; Tax/Regulatory burden reduction 1
Incentive Category Count
Indirect Business Financing 1
Business management; Marketing & sales assistance; Product & process improvement 1
Incentive Category Count
Direct Business Financing 1
Business management; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Business management; Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Indirect Business Financing 1
Capital access or formation 6
Incentive Category Count
Direct Business Financing 3
Indirect Business Financing 2
Tax 1
Capital access or formation; Facility/site location 1
Incentive Category Count
Tax 1
Capital access or formation; Infrastructure Improvement 1
Incentive Category Count
Direct Business Financing 1
Capital access or formation; Product & process improvement; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Facility/site location 3
Incentive Category Count
Direct Business Financing 1
Other 1
Tax 1
Facility/site location; Capital access or formation 1
Incentive Category Count
Tax 1
Facility/site location; Infrastructure Improvement 1
Incentive Category Count
Direct Business Financing 1
Facility/site location; Tax/Regulatory burden reduction 2
Incentive Category Count
Tax 2
Infrastructure Improvement 1
Incentive Category Count
Direct Community Financing 1
Marketing & sales assistance 1
Incentive Category Count
Tax 1
Marketing & sales assistance; Product & process improvement 2
Incentive Category Count
Direct Business Financing 1
Tax 1
Marketing & sales assistance; Product & process improvement; Workforce prep or development 1
Incentive Category Count
Direct Business Financing 1
Marketing & sales assistance; Tax/Regulatory burden reduction 3
Incentive Category Count
Tax 3
Product & process improvement 4
Incentive Category Count
Direct Business Financing 3
Other 1
Product & process improvement; Capital access or formation 1
Incentive Category Count
Direct Business Financing 1
Product & process improvement; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Product & process improvement; Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Professional networking 2
Incentive Category Count
Other 2
Tax/Regulatory burden reduction 3
Incentive Category Count
Indirect Business Financing 1
Tax 2
Tax/Regulatory burden reduction; Product & process improvement 1
Incentive Category Count
Tax 1
Tech & product development 4
Incentive Category Count
Tax 4
Tech & product development; Infrastructure Improvement; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Tech & product development; Workforce prep or development 1
Incentive Category Count
Tax 1
Workforce prep or development 6
Incentive Category Count
Direct Business Financing 1
Indirect Business Financing 1
Other 1
Tax 3
Workforce prep or development; Tax/Regulatory burden reduction 2
Incentive Category Count
Tax 2