INCENTIVES
The City of Owasso is committed to promoting and retaining high-quality development and to ongoing improvement in the quality of life for its citizens. Incentive programs may include one or a combination of awards such as tax abatements, infrastructure participation and improvements, fee waivers, and loans, among others, particularly for target industries. Call Owasso Economic Development at (918) 376-1500 or email us to inquire about possible incentives that could lower the cost of doing business for your company.
Owasso TIF District: Supporting Business Growth
Owasso’s Tax Increment Financing (TIF) District is a valuable incentive for businesses and developers investing in the Redbud District — Owasso’s growing downtown hub. A portion of local tax revenue is reinvested into public improvements and private development, helping to reimburse developers for expenses related to infrastructure, site work, and enhancements. Businesses within the TIF District may qualify for financial assistance, making it an ideal opportunity for retail, dining, office, and mixed-use developments. Ready to explore the possibilities? Connect with Owasso’s Economic Development team to learn more about available incentives, partnership opportunities. The full policy guide and application materials are available below.
MAPS
Redbud District Boundaries
REDBUD TIF Boundaries
Owasso’s Tax Increment Financing, or TIF, allows the City of Owasso to direct a portion of local taxes and fees to stimulate private expansion within the selected boundaries for the revitalization of the Redbud District as a destination area for residents and visitors.
