Tulsa Approves Incentives for New IKEA Store

City council greenlights package to attract global retailer to Tulsa Hills Shopping Center

Published on Mar. 9, 2026

Got story updates? Submit your updates here. ›

The Tulsa City Council has approved an incentives package to bring a new IKEA store to the Tulsa Hills Shopping Center. The global home furnishings retailer announced plans to open a location in the city, and local officials have agreed to provide various incentives to facilitate the project.

Why it matters

IKEA's decision to expand to Tulsa represents a major economic development win for the city, as the new store is expected to create hundreds of jobs and drive increased foot traffic and spending at the Tulsa Hills Shopping Center. The incentives package approved by the city council aims to make Tulsa an attractive destination for IKEA's investment.

The details

The incentives package approved by the Tulsa City Council includes a combination of tax rebates, infrastructure improvements, and other financial support to help IKEA establish its new store. The details of the agreement have not been fully disclosed, but city officials have stated that the incentives are intended to offset some of IKEA's initial costs and make the Tulsa location a more viable option for the company.

  • On March 9, 2026, the Tulsa City Council approved the incentives package for IKEA.
  • IKEA announced plans to open a new store in the Tulsa Hills Shopping Center, but an exact timeline for the store's opening has not been provided.

The players

Tulsa City Council

The governing body of the City of Tulsa, Oklahoma, which approved the incentives package to attract IKEA to the city.

IKEA

A global home furnishings retailer that has announced plans to open a new store in the Tulsa Hills Shopping Center in Tulsa, Oklahoma.

Tulsa Hills Shopping Center

A major shopping destination in Tulsa, Oklahoma, where IKEA plans to open its new store.

Got photos? Submit your photos here. ›

What’s next

The city and IKEA will now work to finalize the details of the incentives package and move forward with the construction and opening of the new store in Tulsa.

The takeaway

Tulsa's successful efforts to attract IKEA demonstrate the city's commitment to economic development and its ability to offer attractive incentives to major retailers, which could pave the way for additional high-profile business investments in the future.