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January 2nd, 2014

2013 Harrisburg Market Keystone Innovation Zone (KIZ) Tax Credit Announcement

HARRISBURG (January 2, 2014) – The Harrisburg Regional Chamber & the Capital Region Economic Development Corporation (Chamber & CREDC) received confirmation from the Pennsylvania Department of Community and Economic Development (DCED) that five Cumberland County companies  and three Dauphin County companies were selected to receive Keystone Innovation Zone (KIZ) tax credits.  The Chamber & CREDC are the administrators and coordinators of the Harrisburg Market KIZ.

KIZ tax credits are used to offset certain state tax liabilities and significantly contribute to the ability of young emerging growth companies to transition throughout the stages of growth.  A total of $690,474 was awarded to eight companies in Cumberland and Dauphin counties, which is a 22% increase in comparison to the 2012 total. These companies are in the approved industry clusters including advanced manufacturing, life sciences, and business technology solutions.

Companies awarded are listed below.

  • Better Bowls, LLC – Hershey Center for Applied Research, Dauphin County ($83,599)
  • Cruzstar, LLC  – TechCelerator at Murata Business Center, Cumberland County ($6,875)
  • Markant Corporation – TechCelerator at Murata Business Center, Cumberland County ($100,000)
  • New Era Orthopedics, LLC – Hershey Center for Applied Research, Dauphin County ($100,000)
  • Red Privet, LLC – Train Station, Dauphin County ($100,000)
  • Vispronet, Inc. – TechCelerator at Murata Business Center, Cumberland County ($100,000)
  • WebpageFX, Inc. – TechCelerator at Murata Business Center, Cumberland County ($100,000)
  • Z-Band Video, Inc. – TechCelerator at Murata Business Center, Cumberland County ($100,000)

Companies are eligible for KIZ tax credits if they:

  • Have been in operation for less than eight years
  • Are located within the boundaries of a DCED approved KIZ
  • Operate within one or more of the targeted industry sectors of a particular KIZ and have worked with the KIZ coordinator

Linda Goldstein, Vice President & COO of CREDC stated, “The application of tax credits enables an emerging growth company to expand their employee base, as well as, their production and marketing efforts.”

The Chamber & CREDC not only administer the Harrisburg Market KIZ but also the Technology Corridor Enterprise Zone and the South Central Keystone Opportunity Zone (KOZ).


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