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Four midstate technology businesses receive $300,000 in tax credits
Ioannis Pashakis//January 24, 2020
Four midstate technology businesses receive $300,000 in tax credits
Ioannis Pashakis//January 24, 2020
Four businesses in Dauphin and Cumberland counties were awarded more than $300,000 through the state’s Keystone Innovation Zone (KIZ) tax credit program this month.
The companies to receive the tax credits in the Harrisburg Market are:
- Crimewatch Technologies LLC, a Carlisle-based platform that partners with local law enforcement to send alerts to local residents about nearby crimes, received $56,365.
- Return Logic, a Camp Hill-based software company that offers retailers a way to automate their returns and exchanges, received $51,470.
- Inbound Marketing, a Harrisburg-based marketing firm specialized in inbound marketing services focused on keeping customers engaged, received $100,000
- SMB Computer Solutions, a Harrisburg-based IT business services firm, for $100,000.
The KIZ program, administered by the Pennsylvania Department of Community and Economic Development, gives a cut of $15 million in tax credits to growing, young-technology companies.
The eligible businesses must be in a KIZ, have been in operation for less than eight years and operate within a technology-oriented business such as advanced manufacturing or bio-technology.
“KIZ tax credits can help foster young technology companies and transition them as their businesses grow,” said David Black, President and CEO of the Harrisburg Regional Chamber & CREDC, the designated coordinator for the Harrisburg Market KIZ. “These tax credits reward entrepreneurial thinking and help foster the growth and advancement of important technology industries in Central Pennsylvania.”
