Monday, May 16, 2011
- Oklahoma receives high marks, showing nation we’re open for business -
Oklahoma City—Lt. Governor Todd Lamb, who also serves as Secretary of Small Business, applauded our state Monday for making big strides on the “Best/Worst States for Business” list. May 16-20 marks this year’s National Small Business Week, during which Chief Executive Magazine announced Oklahoma moved up eight spots to number 11 on the nationwide ranking. CEO’s from across the nation annually rank states based on criteria such as taxes, regulation and quality of life.
“Our new ranking and policies that have already been passed by this legislature illustrate the reality that Oklahoma is on the cusp of a renaissance,” said Lamb. “Oklahoma is making a name for itself nationwide. We are sending a message to all employers saying if you want a business-friendly climate that will allow your company to thrive, come to Oklahoma.”
“We have worked tirelessly the past decade to make Oklahoma a great state to work and live,” Lamb continued. “Oklahoma’s recognition as the 11thbest state during National Small Business Week symbolizes our continued pro-growth economic development agenda.”
Stressing that small business is the backbone of Oklahoma’s economy, Lt. Governor Lamb said we must continue with initiatives that attract and retain business.
“We must focus on policy that will remove impediments to growth, encourage existing companies to reinvest in Oklahoma, and make our state so attractive, other companies want to relocate here.”
The Lt. Governor concluded that Oklahoma has seen many new reforms this year to add to its quiver of job-creating ideas. Earlier this year, a tax cut was approved that will reduce Oklahoma’s personal income tax to 5.25%. Additionally, Lamb hopes that the legislature will approve workers’ compensation legislation before the close of session.
“Meaningful comprehensive workers’ compensation reform will reduce costs and streamline the process that should result in lower premiums for businesses throughout Oklahoma,” said Lamb.