Cost is a major consideration when a company chooses a state. Pennsylvania continues to rank as one of the most competitive states in the Northeast and the Lehigh Valley is committed to maintaining a healthy and friendly business climate. We invest in local infrastructure, education and training of our workforce. We are committed to making community improvements and attracting jobs to our region.
To learn more please contact Jarrett Witt at 610.266.0523 or firstname.lastname@example.org.
Pennsylvania offers a wide variety of tax credits and abatements for job
creation and investment. High level overview of these tax credits are below.
For a complete overview of Commonwealth funding, please see http://www.newpa.org/
The Job Creation Tax Credit program awards a $1,000-per-job tax credit to
businesses that exhibit leadership in technology and create new jobs in the
Commonwealth within three years of the project start date. Job Creation Tax Credits (JCTC)
Pennsylvania’s Keystone Opportunity Zone Program provides for tax credits,
abatements and exemptions for income taxes (corporate and personal), capital
stock/foreign franchise tax, state and local sales and use taxes for purchases
for use in the zone, real property tax, local gross receipts taxes, local net
profits taxes and local use and occupancy taxes. The credits, exemptions and
abatements may be up to 100 percent of the tax liability based upon the percentage
of business conducted within the Keystone Opportunity Zones (KOZ).
The Keystone Special Development Zone (KSDZ) program was established for the purpose of providing incentives to for-profit businesses that locate and operate in designated geographic zones. Pennsylvania continues to have a surplus of abandoned, deteriorated commercial and industrial sites in need of revitalization. The KSDZ program is an incentive-based tax credit program to foster redevelopment of these former industrial and commercial sites.
Keystone Special Development Zone (KSDZ)
Allows companies holding qualifying Research and Development Tax Credits
to apply for approval to sell those tax credits and assign them to the buyer(s).
Research and Development Tax Credit
An incentive program that provides tax credits to for-profit companies less
than eight years old operating within specific targeted industries within the
boundaries of a Keystone Innovation Zone (KIZ) Program. With a total pool of
up to $25 million in tax credits available to KIZ companies annually, the KIZ tax
credit program significantly contributes to the ability of young KIZ companies to
transition through the stages of growth Keystone Innovation Zone Tax Credit Program
An incentive program that provides tax credits to private companies investing
in rehabilitating, expanding, or improving buildings or land located within
designated enterprise zones. Neighborhood Assistance, Enterprise Zone Tax Credit (NAP/EZP)
(Not all taxes are universally levied. Depending on the locality there could be other taxes that are administered.)
Please see View detailed taxes and rates
Local Economic Revitalization Tax Assistance (LERTA)
LERTA is a property tax abatement program that creates a graduated increase in the payment of taxes on improvements and new construction to commercial, industrial and other business property located within the City of Bethlehem’s state-designated Enterprise Zone and the North Side Central Business District. This incentive creates a 10 percent graduated increase in the payment of taxes on new construction of commercial, industrial and other business property over a 10-year period. The graduation of taxes applies only to the taxes that are attributable to the improvement project.
Pennsylvania’s Keystone Opportunity Zone Program provides for tax credits, abatements and exemptions for income taxes (corporate and personal), capital stock/foreign franchise tax, state and local sales and use taxes for purchases for use in the zone, real property tax, local gross receipts taxes, local net profits taxes and local use and occupancy taxes. The credits, exemptions and abatements may be up to 100 percent of the tax liability based upon the percentage of business conducted within the Keystone Opportunity Zones (KOZ).
LVEDC provides access through our local, state and federal partners to numerous low-interest loan programs available to promote business expansion in the Lehigh Valley. Below are the current rates for some of the programs we administer. To learn more on how they can benefit your business, tell us more about your project.