Tulsa Is Still Paying Remote Workers $10,000 to Move There — And Getting a Massive Return on Investment, According to a New Study Nearly 3,500 remote workers have moved to Tulsa, Oklahoma, for the program.

By Erin Davis

The city of Tulsa, Oklahoma, has been offering its Tulsa Remote program since 2018. The incentive program offers a $10,000 grant to remote workers to move to Tulsa for at least one year. So far, about 3,500 grants have been issued.

Now, a new study found that the offering has been a financial success, giving more than $4 back to the city's residents for every $1 spent.

In the report, "The Effects of Tulsa Remote on Inducing Moves to Tulsa: Estimates and Implications," Tim Bartik, a senior economist at the Upjohn Institute, found that the program was six times more efficient at creating jobs than a business tax incentive of the same cost. Tulsa Remote also led to an improved quality of life for residents who were not a part of the program.

Related: Working Past Retirement Age? Here Are the 10 Best States for Employed Seniors, According to a New Report.

"Ultimately, if a local community is considering a remote worker attraction program, voters will want to know what such a program might mean for their standard of living," Bartik said in a statement. "Are the original local residents better off?"

Bartik found that the program increased property values and led to more spending at local retailers, which in turn created local jobs. The new residents also helped to increase the local tax base by more than they use in services, allowing local governments to cut taxes or expand services, Bartik said.

The report also notes that more than 100 communities are offering incentives to move there. Business Insider highlights 21 of them here, with programs offering everything from cash to free land.

According to Tusla Remote's 2024 Sustainable Growth & Economic Impact report, people who have moved to Tusla for the grant, called "Remoters," have collectively generated $622 million in direct employment income. Meanwhile, 70% are still there after completing the program.

Two of those "Remoters," Faith Langevin and Matt Costanza, tell Realtor.com that they left Atlanta, Georgia, for the program in Tulsa and are still there three years later.

"We found our community," Langevin told Realtor.com. "I think we became better people."

Related: JPMorgan CEO Jamie Dimon Says Only One Group Is Complaining About Returning to the Office

Erin Davis

Entrepreneur Staff

Trending News Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

United Airlines Says It Is Adding Extra Flights in Case Spirit 'Suddenly Goes Out of Business'

Rival airlines, including United and Frontier, are adding new routes as Spirit cuts 12 cities from its schedule.

Leadership

Can Startup Founders Become Great CEOs? Here's What It Takes.

Startup founders CAN evolve into outstanding CEOs — rather than being replaced by them. Here's how.

Business News

American Eagle Stock Sees a 25% Surge Following Sydney Sweeney's Controversial 'Great Jeans' Ad Campaign

American Eagle saw its stock jump 25% after its earnings call on Wednesday.

Business News

Gold Prices Are Higher Than Ever. Here's How Much a Costco Gold Bar Purchased in 2024 Is Worth Today.

A one-ounce Costco bar is worth $870 more now than it was a year ago.