|Updated: 12/17/2013 1:23 pm
||Published: 12/17/2013 1:22 pm
Macy’s will open an order fulfillment center in the Tulsa area.
The announcement was made on Tuesday. Once construction is completed the center will hire 1,500 full and part time employees. That’s expected to generate an $800 million economic impact over 10 years. The company said the center will also employee 1,000 additional seasonal help workers during the holiday season.
Sen. Jim Inhofe congratulated Macy’s Inc. for choosing Green Country.
Inhofe also introduced legislation to make permanent the Indian Lands Accelerated Depreciation tax provision, a key reason for companies such as Macy’s to choose Oklahoma to relocate and expand their operations.
“I am proud to welcome Macy’s and their new fulfillment center to Oklahoma, which will create 1,500 new permanent jobs and an additional 1,000 more during the Christmas shopping season," said Inhofe. "Our nation’s largest companies such as Macy’s continue to relocate and expand in Oklahoma because our state’s pro-growth policies. In my discussions with the Macy’s team, they noted many reasons for locating to Oklahoma but stressed the importance of the Indian land tax provision in their decision. This provision in the federal tax code allows businesses that purchase capital equipment for use on former or current Indian lands to depreciate it more than 40 percent faster than would otherwise be allowed. In light of Macy's announcement, I am introducing legislation to make permanent this important tax credit that encourages businesses to invest in Oklahoma's economy and job market.”
Macy’s will invest $170 million in a new state-of-the-art facility in Owasso that will process orders placed online and in Macy’s stores across the nation. Construction is expected to begin in April 2014 and to be completed in April 2015.