Tax Credits Available to Businesses in the Enterprise Zone!
(05/14/2014) - Tax credit applications are being accepted until June 13, 2014.
What are PA Enterprise Zone tax credits?
The purpose of the PA Enterprise Zone tax credit program is to encourage private investment and promote job growth and economic development in designated PA Enterprise Zones.
Who can receive the tax credits?
Any company or individual that makes a qualified investment to rehabilitate, expand or improve buildings or land in a PA Enterprise Zone. Businesses in Braddock, North Braddock, Rankin and portions of Swissvale are in a designated PA Enterprise Zone served by the Enterprise Zone Corp. of Braddock.
What are advantages of the PA Enterprise Zone tax credits?
Companies who receive PA Enterprise Zone tax credits can sell or assign their tax credits to another eligible taxpayer. The selling company will receive cash in return for their tax credits.
How are the tax credit amounts calculated?
Companies/individuals can receive 25% of their qualified investment with a maximum of $500,000 per project.
Where can you get more information?
Contact the PA Enterprise Zone Coordinator at the Enterprise Zone Corp. of Braddock. The phone number is 412-371-6380. The address is:
Charles H. Starrett III, Enterprise Zone Coordinator, Enterprise Zone Corp. of Braddock, P.O. Box 678
Braddock, PA 15104