The citizens of Atoka approved a one-half cent sales tax to be used for Economic Development. The Atoka City Industrial Development Authority (ACIDA) uses the proceeds of this tax to maintain and create jobs in the community.
Types of incentives that ACIDA funds can be used for:
1. Purchase of land.
2. “Build to Suit” facilities with long-term lease/purchase for tenant.
3. Refurbish or remodel existing ACIDA facilities.
4. Equipment purchases.
5. Infrastructure development. 6. Loans.
The amount of ACIDA incentives are based on the number of jobs created, benefits offered employees and the amount of investment in the project. ACIDA works with the Oklahoma Department of Commerce to get you the maximum incentives available. Atoka is located in: Federal Opportunity Zone, New Market Tax Credits, and Former Indian Lands.