Gov. Stitt’s Commerce Department Gives Multiple MILLIONS Of Taxpayer Dollars To Paycom And Love’s Through Quality Jobs Incentives

Granted, in a recommended appropriation budget of 10,060,793,526 for 2024, a million dollars here and a million dollars there, isn’t that big a deal – it’s chump change.

But then again, every dime of this money is taken by force from a working citizen of the state, ostensibly to provide services to the taxpayer – not to enrich the multibillion dollar corporations of billionaires – even ones that make Oklahoma their homes.

Let’s take Paycom, for example. Paycom is an online payroll company created by Oklahoman, Chad Richison. Here is a bit about Mr. Richison from Forbes.

As you can see, Mr. Richison is personally worth over 1 billion dollars. Here are a few articles about Mr. Richison that pop up in a simple internet search:

Meet the highest paid CEO in S&P 500, Paycom’s $211M man

The billionaire CEO of Paycom just paid $26.5 million for a beachfront Malibu mansion that took 12 years to build and blends into the rocks. Take a look inside.

Paycom CEO Chad Richison donates $10 million to UCO for stadium upgrades

Unfortunately, Mr. Richison is also a liberal who is not at all shy about announcing his thoughts on state policy. For example, during the COVID nonsense, Mr. Richison wrote a letter to Governor Stitt complaining about a lack of leadership on COVID and that further restrictions must be made on business and movement in the state.

Also in 2020, Mr. Richison wrote a letter to OU saying that he was pulling his advertising because the University was essentially racist and didn’t have adequate training to establish an understanding of ‘racial equity’. Not long afterward, OU became a bastion of DEI training. But that’s not all.

In yet another letter written to the Regional University Board of Reagents, Richison criticized their pick for UCO’s University President, former Republican Lt. Governor, Todd Lamb.

Why then, has the State of Oklahoma Commerce Department given Paycom Payroll over ELEVEN MILLION dollars in taxpayer funds during the years of 2024 and 2023 and, beyond that, why has it been granting them funds since 2009?

The information above is from a very useful website called, “Subsidy Tracker” by “Good Jobs First”. If you click on the hyperlink on the left side of the spreadsheet (which can be found here), it tells the origin of the subsidy. Note, on this page, apparently Texas is providing subsidies as well, though very limited. Overwhelmingly, Paycom’s incentives are Oklahoma based.

Note, the origin of the subsidy is the “Quality Jobs Incentive” program. Though the money is dispersed through the Oklahoma Tax Commission, the Quality Jobs Incentive Program is a product of the Oklahoma Commerce Department (OCD). Here’s what the website says about the program:

The Oklahoma Quality Jobs Program serves as an incentive for companies to expand or relocate jobs to Oklahoma by providing a rebate of a portion of newly created payroll in the state. The program induces the creation of well-paid full-time jobs and promotes economic development. Companies may receive benefits during the first three years of participation while working to achieve the required payroll threshold for full qualification.

How are these grants dispersed?

The agency – in this case Paycom – that wants one of the many taxpayer subsidies dispensed though the OCD, must fill out a request. Then, at some point, the OCD Incentive Approval Committee calls them in for a meeting during which the asking business may speak. After that, the Committee adjourns to an Executive Session during which they decide how much of a grant to provide the business.

There are several problems here other than the glaringly obvious:

1. Who is on the Incentive Approval Committee? Internet search turned up no answers, but a concerning Frontier article – Committee approves request for state jobs incentive money by company founded by Gov. Kevin Stitt. This article states that the Committee consisted (when the article was written in 2020) of Department of Commerce Executive Director Brent Kisling and Oklahoma Tax Commission Chairman Charles Prater – both of whom were directly appointed by Governor Stitt. The third board member was Dan Ross, director of capital assets for the Office of Management and Enterprise Services.
2. The article mentioned above, also points out the lack of transparency in this process – all of the grants given out through the Quality Jobs Incentive Program are done so through Executive Session of the Committee. The only way to find out how much any company gets is by going to the Oklahoma Tax Commission website and scrolling through the yearly Excel files housing the HUGE number of tax dollar giveaways supported by Oklahoma citizens.
3. On the website where agendas are stored for the various taxpayer giveaway committees, the only agendas for a program that was created in 1993 (according to the Frontier article), are from 2024 and January 2025. Even then, five months of 2024 agendas are missing. Why?
4. Every agenda must be scoured to find out the names of the businesses going to the OCD with their hands out asking for taxpayer dollars. There is no searchable list, so each agenda must be read individually – if it’s available for inspection on the website.

Obviously, taxpayer dollars are being provided to certain private businesses and the taxpayer – the people funding these ‘grants’ – have to go through quite a process to find out how much of their dollars are going where. How very transparent. But then, the Frontier article is about how Governor Stitt’s mortgage company was receiving grants from the Committee he peopled to make decisions about how to give away state taxpayer dollars.

Unfortunately, this is the same for Love’s Travel Stops & Country Stores, Inc. According to Subsidy Tracker, Love’s has a large number of ‘grants’ given it by the state of Oklahoma for both 2023 and 2024. In fact, the taxpayers of Oklahoma have given Love’s Travel Stops and Country Stores EIGHT MILLION DOLLARS – $8,074,378 to be exact.

Tom and Judy Love, who together founded the Love’s dynasty here in Oklahoma, have both recently passed away (Tom in March of 2023 and Judy in November of 2024). Both Tom and Judy were tremendously generous with their self-made billions in their home state.

A story in the Oklahoman published just before Judy died, listed her as the second wealthiest self-made woman in America, pegging the Love’s net worth at over 10.2 billion dollars. It also provided a long and varied list of their philanthropy in Oklahoma, including Positive Tomorrows, the Oklahoma Hall of Fame and the Archdiocese of Oklahoma City. The Loves were also famous for their support of the Oklahoma City Thunder.

According to Forbes, the estimated revenues of the Love’s stores across the country is 24 billion dollars. Last April, Love’s announced that it would be making a billion dollar investment in updates to their facilities.

Love’s has benefited from tax credits, TIFs, grants or rebates from the states of Nebraska, Colorado, Mississippi, Virginia., Iowa, Illinois and Ohio. All of these subsidies have been a mere fraction of the 8 million dollars provided by their home state of Oklahoma, however.

In 2022, a subsidiary of Love’s, the Musket Corporation, received a $10,800,000 guaranteed loan from the federal Import/Export Bank.

Love’s is on the Quality Jobs Program Incentive Approval Committee agenda for the Regular Meeting of the Committee September 19, 2024 10:00am, along with Paycom. Again, their ‘grants’ were warded via the Committee in a closed door Executive session.

One last piece of information collected by the Oklahoma Commerce Department, indicates that neither Love’s, nor Paycom is in the top 10 hiring companies in Oklahoma. Which begs the question – why are so many millions given to both multiBILLION dollar private corporations for ‘quality jobs’? Paycom is number 25 and Love’s is even lower at 31. Consequently, taxpayers are paying for job recruitment and retention for two billionaire corporations of Oklahoma billionaires that aren’t even top 10 employers in the state.

The number of tax dollars being dolled out to private businesses via incentives by Governor Stitt’s administration is staggering – and we’ve already reported on the unbelievable amount of tax dollars being given to wind generation companies doing business in the state. One only has to go out and look at the Excel spreadsheets of them on the Oklahoma Tax Commission website and scroll through name after name to get the scope of this Santa Claus list.

Just this week, Governor Stitt has announced that he wants to reduce and eliminate the Oklahoma income tax. That’s wonderful. No citizen of America – let alone Oklahoma – should be forced to give their hard-earned wages to their government to be redirected to private entities and other nonsense that doesn’t benefit them directly. Oklahomans should applaud that idea.

It is a cause for curiosity, however, as to how this miracle can occur until Oklahoma stops handing out the millions upon millions in tax-payer funded incentives for private business we continue to shell out on the back of the Oklahoma taxpayer, yearly.