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Stillwater Business and Industry

Stillwater is open for business. The community welcomes new businesses large and small, and the Stillwater Chamber of Commerce offers a variety of programs to help them grow and prosper. Forward Stillwater is a multi-faceted economic development initiative of the Chamber seeking to expand the regional economy through business attraction, retention, expansion and entrepreneurial growth.

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In addition to government employment, the city’s $2 billion economy is driven by manufacturing, technology, agribusiness and healthcare with emerging clusters in aerospace, biotech, optoelectronics and software. Stillwater is also a regional center for services and retailing, ringing up more than $600 million in taxable retail sales in 2005.

Accompanying the many incentives offered by Stillwater’s Chamber of Commerce, local businesses have the benefit of state support while operating within Oklahoma. Some of the many benefits include income tax credits and exclusions; sales tax refunds and credits; employee training; financial assistance; quality jobs program; small employer quality jobs incentive; and tax exemptions for a variety of business types.

Oklahoma’s business climate is promoting growth in Stillwater. Oklahoma has the second lowest tax burden in the country and total business costs are the fourth lowest in the nation.

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Technology entrepreneurs are finding Stillwater to be a favorable place to start up technology companies or relocate established ones. The community is making significant investments to stay on the forefront of the new knowledge economy. The 170-acre Oklahoma Technology & Research Park (OTRP) is located in the heart of Stillwater and offers lab, office and support space for private high-tech companies, OSU research activities and supporting amenities. The OTRP is a campus for collaboration between cutting edge technology entrepreneurs, OSU researchers and the area’s highly educated workforce.

The Center for Business Development, located adjacent to the OTRP and on the Meridian Technology Center campus, is a business incubator providing low-cost space and technical assistance to local companies during the early stages of the entrepreneurial process. The CBD offers a nurturing atmosphere for new and emerging companies.

Industrial and manufacturing plants thrive in Stillwater. Mercury MerCruiser, Quebecor World Industries, Armstrong International, National Standard and Stillwater Designs all announced or completed major expansions and growth in the past year, led by MerCruiser’s $15 million die-casting expansion.

Whether relocation or opening a new business, the city of Stillwater works to ensure local business success!

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