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Oklahoma Department of Commerce

The Oklahoma Department of Commerce is the state's primary economic development agency, focused on promoting business growth and community prosperity in Oklahoma through various incentive programs and partnerships.

Founded
1987
Focus sectors
Energy
Recorded regions
United States, North America

Online destinations

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Official links

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Overview

The Oklahoma Department of Commerce (ODOC) is a state agency established in 1987, dedicated to fostering a business environment that supports growth and community prosperity. It collaborates with companies, universities, non-profit organizations, and government leaders to promote employment, investment, and economic development in Oklahoma. ODOC administers several incentive programs, including the Quality Jobs Incentive Program and the Oklahoma Innovation Expansion Program, aimed at supporting various sectors such as aerospace, agribusiness, and startups. The agency's mission is to create new and better jobs by providing resources and support for businesses and entrepreneurs in the state.

Focus

The agency provides a range of services aimed at fostering business growth, including incentives for business relocation and expansion. It emphasizes support for startups and small businesses, offering resources and programs designed to enhance the entrepreneurial ecosystem in Oklahoma.

Support

The Oklahoma Department of Commerce adds value to portfolio companies by providing access to various incentive programs, entrepreneurial resources, and support for capital expansion projects. It helps businesses navigate the local ecosystem, connect with relevant partners, and access funding opportunities through adjacent programs.

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Ben Franklin Technology Partners (BFTP) is a Pennsylvania-based nonprofit organization focused on fostering innovation and economic growth through investments in technology-based companies. It operates as a quasi-public seed investor and hybrid accelerator across four regional centers in the state.

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MetaProp is a New York-based venture capital firm specializing in the PropTech sector, investing in technology companies that enhance the real estate value chain. The firm manages multiple funds and operates an accelerator program in partnership with Columbia University.

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