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KIZ tax credits awarded to 17 midstate tech companies

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Seventeen businesses in Central Pennsylvania received part of $15 million in tax credits awarded to early-stage companies statewide through a tax-credit program.

The credits are available through the Keystone Innovation Zone Tax Credit program,  whose budget was cut last summer to $15 million per year from $25 million. The program is operated by the Department of Community and Economic Development.

The program provides tax credits for companies in a KIZ that have been in operation for less than eight years, whose gross revenues have increased over the previous year and that operate within a targeted industry sector, such as information technology or advanced manufacturing.

The local KIZ awards were as follows:

Harrisburg market

  • Global Perspectives Testing Center LLC, $82,585
  • Global Perspectives Training Center LLC, $82,585
  • New Era Orthopaedics LLC, $82,585
  • Vispronet Inc., $82,585
  • Red Privet LLC, $82,585
  • Bridgesell LLC, $17,333
  • Z-Band IP Systems Inc., $32,792
  • Go Green IT Inc., $22,030
  • Return Logic Inc., $13,393
  • Ephyra Group LLC, $38,382
  • inbound Marketing Inc., $41,399
  • Crimewatch Inc., $14,903
  • SMB Computer Solutions LLC, $82,585

Northwest Lancaster

  • Mind Development & Design LLC, $46,628
  • Abella, $82,585
  • The Lancaster Food Co., $75,340
  • ECKey Corp., $82,585

Due to the state's current fiscal deficit, the Wolf administration recently began rejecting applications for new business tax breaks under DCED's Keystone Opportunity Zone program.

It's unclear how other business programs might be cut heading into another budget season. Wolf's next budget address is scheduled to take place Feb. 7.

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Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jscott@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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