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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 150. Oklahoma Department of Commerce |
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Chapter 65. Oklahoma Quality Jobs Program |
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Subchapter 1. Quality Jobs Program |
SECTION 150:65-1-5. Detailed cost-benefit analysis; review of information
Latest version.
- (a) In addition to the initial cost-benefit analysis included in the project profile, the Department may conduct a more detailed cost-benefit analysis before an incentive offer is made. The Department will determine if a more detailed cost-benefit analysis is necessary based on a review of the reasonableness of the projected average wage rates, the forecast of in-migration rates and other factors. Additional information may be required from an establishment. An establishment may request that the Department conduct a more detailed cost-benefit analysis.(b) A copy of the detailed cost-benefit analysis will be sent to the establishment for review and approval.(c) Before an incentive contract is sent to an establishment, the Department shall review the establishment's project profile, health benefits plan, baseline employment, average annual wage projections, the net benefit rate and the maximum benefits allowable. After such review is completed, the Department may recommend the development of an incentive contract.