between-intakes State Grant

Oklahoma Innovation Expansion Program (OIEP)

Oklahoma Department of Commerce

Up to $150,000

See if you qualify — free Visit official program ↗

Researched for this program: 5 rejection traps · 5 required documentsWhat decides this award ↓

The short version

Up to $150K OK cash rebate for $50K+ capital investment

OIEP makes $15 million in funding available annually to Oklahoma for-profit businesses that invest at least $50,000 in qualifying capital expenditures (equipment, machinery, fixtures, or property improvements). Awards of up to $150,000 are paid as monthly cash rebates based on payroll tax over 12 months. The 2026 application window opened March 30 and closed April 10 — the 2027 cycle will follow a similar early-spring schedule.

Funding type: Grant
Level: State
Amount range: $150,000
Realistic amount: Most recipients receive $50,000–$150,000 in rebates over 12 months. Award amounts are not publicly disclosed per recipient but the program targets $50K–$150K range for qualifying projects.
Deadline: Annual — approximately March 30 to April 10 each year. The 2026 window closed April 10, 2026. Monitor okcommerce.gov/oiep/ for the 2027 window announcement.
Status: between-intakes
States: OK
Payment model: advance

Who qualifies

For-profit entity with a facility located in Oklahoma
Minimum capital expenditure of $50,000 or more (must occur after receiving an award letter)
Minimum annual payroll of $625,000 at the project facility
Project must be an innovative initiative, supply chain improvement, or new market targeting effort
Must spend at least 10% of estimated project costs within 90 days of signing the funding agreement
Cannot simultaneously participate in Oklahoma Quality Jobs Act programs
Must meet all requirements under Oklahoma's Economic Development Pooled Finance Act

Hard requirements

Must be incorporated
Location restriction: Oklahoma
Minimum project size: $50,000

How it compares with other state grants

Of the 156 state grants we track, the Oklahoma Innovation Expansion Program (OIEP) has the 50th-largest published amount ($150K, against a $75K median across the 133 that publish one). Applying takes about 15 hours by our estimate, close to the 12.5-hour median. It needs no cash match, though 42% of state grants do.

Top amount: $150K · 50th largest of 133
Median, state grants: $75K
Hours to apply: About 15 · peers' median 12.5
Cash match: Not required · 42% of peers require it
SAM.gov: Not required · 3% of peers require it

Source: the GrantCompass catalog of 770 US programs. Browse grants in the catalog.

What it covers

Eligible expenses

Equipment and machinery (depreciable assets)
Fixtures and leasehold improvements
Improvements to property (real estate-related capital expenditures)
Production equipment, manufacturing tools, technology hardware

Ineligible expenses

Employee costs (salaries, wages, benefits)
Vehicle purchases
Inventory
Operating expenses and working capital
Expenditures made before receiving an award letter

How to apply

1

Monitor for annual application window (March)

Watch okcommerce.gov/oiep/ for the announcement of the annual application window, typically opening in late March for a 10-day period. Sign up for Commerce notifications to get advance notice.

~1 hrs
2

Submit application during the 10-day window

Complete and submit the OIEP application through Commerce within the announced window. Include business plan, revenue projections, capital expenditure plan (minimum $50K in equipment/machinery/property improvements), and payroll documentation.

~10 hrs
3

Receive award letter and execute funding agreement

Successful applicants receive an award letter from Commerce. Execute the funding agreement — all qualifying capital expenditures must be made AFTER this date.

~3 hrs
4

Make capital investments and receive monthly rebates

Spend at least 10% of project costs within 90 days of the funding agreement. Commerce pays monthly cash rebates based on payroll tax over 12 months after initial spending requirements are met.

~5 hrs

Insider tip

The 10-day application window is real — companies that discover this program in May miss the year. Set a calendar reminder for late March and prepare your capital expenditure plan and payroll documentation in advance so you can submit on Day 1.

Deadline & timing

The 2026 application window (10 days: March 30 – April 10) has closed. The 2027 window will follow a similar early-spring schedule. All capital expenditures and spending must occur AFTER receiving an award letter — pre-application spending does not qualify.

Not accepting applications right now — get one email when it reopens

GrantCompass tracks Oklahoma Innovation Expansion Program (OIEP)’s application windows in the live catalog. Leave an email and we’ll tell you the day the next window opens.

Free. One email when the window moves, deadline warnings on your watchlist, and the monthly closing-soon digest. Unsubscribe anytime.

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Last updated October 30, 2026. GrantCompass is an independent funding-discovery tool and is not affiliated with any government agency. Always confirm details on the official program page.