The "Reindustrialize Oklahoma Act of 2025" establishes a new investment rebate program aimed at enhancing economic development in Oklahoma by incentivizing large-scale industrialization projects that create significant job opportunities. The program, which will be administered by the Oklahoma Department of Commerce, is designed to provide rebates for qualified capital expenditures made by establishments that create at least 700 new direct jobs in the first year and 1,000 jobs in subsequent years. The act outlines specific eligibility criteria, including the requirement for establishments to submit detailed applications and comply with various reporting and documentation procedures. Additionally, it prohibits establishments receiving rebates from also participating in other incentive programs for the same project.

To facilitate the program, the act creates two revolving funds: the "ROA-25 Revolving Fund" and the "ROA-25 Beneficiary Revolving Fund." These funds will be used to manage the financial resources allocated for the investment rebates and ensure that payments are made over a fifteen-year period, contingent upon the ongoing eligibility of the establishments. The act also includes provisions for annual reporting to key legislative leaders and allows the Oklahoma Department of Commerce to establish rules for the program's implementation. Overall, the act aims to stimulate economic growth by attracting new businesses and creating jobs in the state.