Incentives for Commercial Developers
Expanding Opportunity in Tulsa
Tulsa’s expanding economy inspires confidence in business owners, creating more options for commercial developers than ever before. To this end, several incentives are available to qualifying developers in Tulsa, such as Tax Increment Districts, the Tax Incentive District, and the Infrastructure Fund. Developers can also access educational and certification opportunities through PartnerTulsa.
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Retail Incentive Program
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Economic Development Infrastructure Fund
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Tax Increment Finance
Retail Incentive Program
The Retail Incentive Program is used to assist in the redevelopment of unproductive shopping centers and the development of new retail locations for retail companies looking to expand in Tulsa. Incentives for these businesses are customized based on project size and impact, and may include tax abatements, sale tax reimbursements, and investment in infrastructure.
Economic Development Infrastructure Fund
The Economic Development Infrastructure Fund is used to assist 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 here.
Tax Increment Finance
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. PartnerTulsa currently manages TIF Districts in Downtown Tulsa, the intersection of 11th and Lewis, the Peoria Mohawk Business Park and 36th St. North and MLK Boulevard.
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