Incentives for Commercial Developers

4/25/22 1:41:28 PM — Drone imagery of Tulsa, Oklahoma. Photo by Shane Bevel

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.

  • Retail Incentive Program
  • Economic Development Infrastructure Fund
  • Tax Increment Finance
  • Downtown Development & Redevelopment Fund
Retail Incentive Program
People shop at a bookstore in the Tulsa Arts District .
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
highway over the arkansas river.
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
city county library in tulsa.
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.

Downtown Development & Redevelopment Fund
1/6/23 5:45:17 PM — The Village Flats outside Downtown Tulsa, Okla. 

Photo by Shane Bevel

Over the past twenty years, the City of Tulsa and PartnerTulsa have leveraged the Downtown Development Redevelopment Fund (DDRF) to assist in the development of Downtown Tulsa. The DDRF has contributed to 850 new residential units within the Inner Dispersal Loop (IDL) and has proven to be instrumental to the revitalization of and reinvestment in Tulsa’s urban core. Past projects include but are not limited to the Meridia, East End Village, the Mayo 420 building, Renaissance Uptown, and the Tribune Lofts. The DDRF is funded by four separate Tulsa voter approved funding packages; T2013 Improve Our Tulsa, 1996 Sales Tax, Vision 2025, and the 2006 Third Penny Extension. There is currently $8.1 million available for projects in 2023.

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Contact Us

Spencer Mitchell
Director, Economic Incentives (918)-576-5561