Claremore Daily Progress

Business

March 11, 2014

Senate OKs bill to offer company incentives

OKLAHOMA CITY —

A plan to offer cash incentives to companies who pay for their workers to get degrees or certification in certain high-needs areas has passed the Oklahoma Senate.

The Senate voted 45-1 on Tuesday for the Quality Workforce Act by Senate President Pro Tem Brian Bingman.

The bill sets up a rebate program administered through the Oklahoma Department of Commerce. Companies who pay tuition and material costs for current or potential employees to gain a certificate or degree in specified fields would qualify for the state rebate.

Bingman says only companies eligible for the state’s Quality Jobs program would be eligible for the program. Rebates also would be limited to no more than 5 percent of the average annual wage of the company’s employees.

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