PDF our economic development affiliate The Scranton

[Pages:2]KEYSTONE INNOVATION ZONE (KIZ) TAX CREDIT PROGRAM

Lackawanna County, Pennsylvania offers many opportunities to invest and grow your business and real estate portfolio. The Keystone Innovation Zone Tax Credit program offers incentives for sites located within the City of Scranton, Jessup Small Business Center, Carbondale Technology Transfer Center and Mount Pleasant Corporate Center. The Greater Scranton Chamber of Commerce, through our economic development affiliate The Scranton Plan and our IGNITE Program, is focused on supporting the growth of entrepreneurship in Northeastern Pennsylvania.

ABOUT KIZ

Designed to foster innovation and create entrepreneurial opportunities the Keystone Innovation Zone (KIZ) Tax Credit Program is part of the Commonwealth of Pennsylvania's economic stimulus package. This incentive program is available to for-profit companies that are less than eight years old, operating within a specific targeted industry and within the boundaries of the KIZ.

Greater Scranton Chamber of Commerce

KEYSTONE INNOVATION ZONE FAQ'S

Eligible applicant businesses must be for-profit and located within the geographic boundaries of a KIZ Be in operation less than 8 years Operating within one of the KIZ-targeted industry segments or sectors Meeting any other requirements as specified by the Department of Community and Economic Development Applications must be submitted on or before September 15 of each year. The KIZ Tax Credits will be awarded on December 15 of the year the application was submitted.

TARGETED INDUSTRY SECTORS

Healthcare/Life Science Nanotechnology, Advanced Manufacturing & Plastics Information Technology/New Media Back Office/Finance Homeland Security

KIZ GEOGRAPHICAL ZONES

A Downtown Scranton (Lackawanna Ave-Mifflin Ave-Vine Street-Adams Ave)

B Carbondale Technology Transfer Center C Jessup Small Business Center D Mount Pleasant Corporate Center

ABOUT THE SCRANTON PLAN

The Scranton Plan, the economic development marketing affiliate of The Greater Scranton Chamber of Commerce, has been spearheading economic development in Lackawanna County since 1945. Economic development activities implemented by The Scranton Plan are built upon a platform of business attraction, sustainment and growth. Our mission is to create and retain jobs for Lackawanna County, Pennsylvania. With the help of two Chamber affiliates, the Scranton Lackawanna Industrial Building Company (SLIBCO) and the Lackawanna Industrial Fund Enterprises (LIFE), The Scranton Plan is the driving force behind job creation and retention in Lackawanna County. Supporting relocating and expanding businesses, The Scranton Plan serves as your community development partner throughout the entire site selection process.

Are you an entrepreneur looking to take your business to the next level? Are you looking for investment opportunities in Northeastern Pennsylvania? Let our experienced economic and workforce development team assist in helping you grow and expand in Lackawanna County. Contact The Scranton Plan today to learn more about the Keystone Innovation Zones and program available in Greater Scranton.

CONTACT US TODAY!

The Scranton Plan 222 Mulberry Street P.O. Box 431 Scranton, PA 18501 570-342-7711

Greater Scranton Chamber of Commerce

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