• Fri. Mar 1st, 2024

Oklahoma Bill Promises Incentives to Attract Professional Sports Teams and Boost Local Economy

ByEditor

Feb 11, 2024
Oklahoma State Leaders Propose New Bill to Encourage Professional Sports Teams to Move to Oklahoma

Oklahoma is looking to attract more professional sports teams with a new bill that aims to benefit the state’s current NBA team. HB 3959 would expand a program in the Quality Jobs Act to include professional sports teams, providing job incentives for franchises considering a future in the state.

The incentive program in the Quality Jobs Act is designed to promote job growth and improve companies’ bottom lines by injecting cash back into businesses as they expand and create new jobs in Oklahoma. State Rep. Jon Echols, who grew up in Oklahoma City, believes this is an opportune moment for the state to pass the bill as Oklahoma is now being looked at by other entities for potential franchises.

While there is no certain pro-sport expansion at the moment, the passage of this bill would create pro-sport incentives across the entire state, not just in Oklahoma City. State leaders hope to build momentum for the sports industry in Oklahoma and believe that this bill will help attract more professional sports to the state.

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