Oklahoma is set to benefit from a new bill that aims to attract more professional sports teams and promote job growth in the state. HB 3959 expands a program in the Quality Jobs Act to include professional sports teams, providing job incentives for franchises considering a future in Oklahoma.
The incentive program in the Quality Jobs Act has been 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 it comes at a time when Oklahoma is being looked at by other entities for potential franchises.
While there is no certain pro-sport expansion at present, 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. The bill has already gained support from various stakeholders and is expected to be passed soon.