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16 midstate KIZ companies receive tax credits

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

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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

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