New Markets Tax Credit
Reinvesting in Oklahoma.
Profitable investments planting the seed for the Oklahoma we’ll pass down. Now that’s a win-win.
New Markets Tax Credits
REI Oklahoma’s New Markets Tax Credit program bridges funding gaps with below-market interest rates and non-traditional features to help businesses expand. REI Oklahoma’s program primarily focuses on manufacturing and healthcare industries.
Since 2003, REI has received $595 million in tax credit authority to invest in low income, rural and undeserved communities of Oklahoma.
Through partnership with qualified investors, REI Oklahoma’s New Markets Tax Credit program has created or retained more than 5,000 jobs and contributed over $1.6 billion in impact to Oklahoma’s economy.
REI’s New Markets Tax Credit program is best suited for projects totaling $7 million or more and has flexible loan terms and is interest only for 7-years.
39% federal income tax credit*
* For investments into qualifying business
Projects of the Year
2024 Project of the Year
Allied Stone, in partnership with REI Oklahoma, expanded its Durant facility to enhance production, streamline operations, and continue serving homebuilders with quality craftsmanship.
2023 Project of the Year
Stillwater Medical – Blackwell, in partnership with the Blackwell Hospital Trust Authority, made critical renovations possible to better serve the Blackwell community.
Stories of Success
REI Oklahoma’s New Markets Tax Credit program creates big opportunities, sparking growth in communities like Seminole, Blackwell, Stigler, Tulsa, Wetumka, and Oklahoma City.