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On September 14, 2025, Oklahoma Governor John Smith signed into law a series of new measures aimed at supporting and promoting small businesses in the state. The legislation, known as the Small Business Growth Act, includes a number of provisions aimed at reducing regulatory burden, increasing access to capital, and providing support for entrepreneurs.One of the key components of the Small Business Growth Act is the creation of a new Small Business Development Office within the Oklahoma Department of Commerce. This office will be tasked with providing resources and support to small businesses, including assistance with business planning, access to financing, and navigating the regulatory environment.In addition, the legislation includes a number of tax incentives designed to encourage small business growth. These incentives include a reduction in the state's corporate income tax rate for small businesses, as well as a tax credit for businesses that hire local employees.Governor Smith, speaking at the bill signing ceremony, emphasized the importance of small businesses to the state's economy. "Small businesses are the backbone of our economy, and it is critical that we do everything we can to support their growth and success," he said. "This legislation will help to level the playing field for small businesses and ensure that they have the resources and support they need to thrive."The Small Business Growth Act has received widespread support from business groups and entrepreneurs across the state. Susan Johnson, a small business owner in Tulsa, praised the new legislation, saying, "This is exactly the kind of support that we need to grow our businesses and create jobs in our communities. I'm excited to see what this new office can do for small businesses like mine."Overall, the Small Business Growth Act represents a significant step forward for small businesses in Oklahoma. By reducing regulatory barriers, increasing access to capital, and providing support for entrepreneurs, the legislation aims to create a more business-friendly environment that will help small businesses succeed and thrive in the state.