Google Plus Facebook LinkedIn Twitter Vimeo RSS

16 midstate KIZ companies receive tax credits

By - Last modified: January 30, 2013 at 11:42 AM

Sixteen companies with operations in midstate Keystone Innovation Zones are among 179 statewide receiving tax credits under the program, according to a Department of Community and Economic Development announcement.

The KIZ program is designed to support early stage companies in high-tech sectors, helping them to grow and create high-paying jobs. DCED announced its KIZ tax credit awards for 2012, totaling nearly $13.7 million, on Tuesday.

The companies with midstate operations receiving credits are as follows, according to the agency’s full statewide list:

Cumberland County KIZs

• Cruzstar, $74,744

• Markant Corp., $91,750

• Tex Visions, $100,000

• Webpage FX Inc., $100,000

• Z-Band Video Inc., $100,000

Lancaster County KIZs

• Gibraltar Technologies Inc., $100,000

• Innes Farm Inc., dba Mission Research, $100,000

• Mind Development & Design, $24,072

• Nxtbook Media, $75,276

• Quanta Technologies Inc., $100,000

York County KIZs

• Alcoil, $100,000

• Aptagen, $75,321

• Coupling Corp. of America, $100,000

• Dataforma Inc., $100,000

• Vispronet Inc., $100,000

• York Laboratories, dba MRG Labs, $80,835

Since 2006, 975 KIZ tax credit applications totaling nearly $62 million have been approved, DCED said.

Eligible companies must have operations within a designated Keystone Innovation Zone, be less than 8 years old and do business in a targeted economic sector, such as biotechnology, information technology or advanced manufacturing. Companies may sell unused credits if they do not owe Pennsylvania taxes.

 

Write to the Editorial Department at editorial@cpbj.com

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!