The energy industry is one of the primary income earners in Oklahoma and contributes $35 billion to the state\u2019s gross domestic product (GDP). In fact, Oklahoma is the third-largest producer of natural gas and the fifth-largest producer of crude oil in the US.<\/p>\n\n\n\n
Among the state's largest industries is the aerospace sector, which generates $11 billion annually. Tulsa, Oklahoma, is home to the world\u2019s largest airline maintenance base, which also serves as the global maintenance and engineering headquarters for American Airlines.<\/p>\n\n\n\n
Oklahoma has a tax structure that encourages businesses to launch and grow in the state. Small business (SMB) owners who create new jobs can receive up to 5% of their taxable wages in quarterly cash-back rebates as part of the state's Small Employer Quality Jobs incentive.<\/p>\n\n\n\n
Here are some interesting statistics on the state of small businesses in the Sooner State:<\/p>\n\n\n\n