OKLAHOMA CITY – Senate Pro Tem Lonnie Paxton praised the final passage of House Bill 2781, landmark legislation establishing the Reindustrialize Oklahoma Act (ROA-25), a bold new initiative aimed at attracting transformative capital investment and high-wage manufacturing jobs to the state.
The measure sets the stage for a potential $4 billion aluminum smelter project that could bring at least 1,000 new direct jobs to Oklahoma, representing one of the most significant economic development opportunities in state history. The project comes after an international deal recently negotiated by President Donald Trump.
Once realized, it will be the first new aluminum plant built in the United States in 45 years.
“This is an historic day for Oklahoma,” said Pro Tem Paxton. “With the passage of the Reindustrialize Oklahoma Act, we are sending a clear message to the world – Oklahoma is open for business and ready to lead the next era of American manufacturing. ROA-25 gives our state a powerful tool to compete for high-impact investments that bring long-term jobs, economic growth and prosperity to our citizens. This is a smart, pro-economic development policy that only rewards real performance. There is no upfront giveaway. Companies must deliver major private investment and create jobs before any rebates are issued. It’s a win-win for Oklahoma workers and our economic future.”
House Bill 2781 creates a long-term investment rebate program, administered by the Oklahoma Department of Commerce, to incentivize capital-intensive manufacturing projects. To qualify, a manufacturing establishment must invest a minimum of $2 billion in Oklahoma and create at least 700 direct jobs in the first year, increasing to 1,000 jobs by the second year, a threshold maintained through the remainder of the rebate period, which runs through July 1, 2045.
The legislation now heads to the governor’s desk for signature.
