Okla. Admin. Code § 150:65-5-2

Current through Vol. 42, No. 7, December 16, 2024

Section 150:65-5-2 - Project profile

(a) A quality jobs representative shall prepare a project profile for establishments that meet the requirements of 150:65-5-1. In order to prepare a profile the establishment shall be required to provide the following information:

(1) The calendar year and quarter in which the project first starts;

(2) The employment resulting from the project over ten (10) years;

(3) The third year average salary of the new workers hired in the new direct jobs;

(4) The former military facility at which the establishment plans to locate; and evidence that the facility meets the requirements of this subchapter;

(5) An estimate of the percentage of non-Oklahoma workers likely to be hired. If an estimate is not provided, the Department shall use an average percentage determined by the Department based upon research conducted by the Department;

(6) A description of the establishment's operations and the operations of the project for which an application is being submitted; and

(7) Such other information as may be required by the quality jobs representative.

(b) The project profile, which includes the preliminary analysis and the estimate of the net benefit rate and the total possible incentive available to the establishment, will be sent to the eligible establishment for approval.

(c) Upon approval of the project profile, the establishment shall return the signed project profile to the quality jobs representative. The establishment shall also provide a copy of its basic health benefits plan offered to employees or a description of the plan that will be offered within one hundred and eighty (180) days of the date of application.

(d) A project profile that has been approved, signed and returned to the Department by an establishment will serve as the application for the Former Military Facilities Development Program.

Okla. Admin. Code § 150:65-5-2

Added at 12 Ok Reg 19, eff 9-29-94 (emergency); Added at 12 Ok Reg 1339, eff 5-25-95; Amended at 24 Ok Reg 1202, eff 5-25-07