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Pa. businesses encouraged to use new tax credits
Pennsylvania businesses are being encouraged by Treasurer Stacy Garrity and PA Chamber of Business and Industry President and CEO Luke Bernstein to use new tax credits for matching contributions to employees’ savings programs.
Voith Hydro unveils $5M investment; announces tax credits
Voith Hydro unveiled its newest, more than $5 million, investment in hydroelectric manufacturing Tuesday.
State accepting bids for $4.5M in mixed-use development tax credits
The Pennsylvania Housing Finance Agency announced Monday that it is accepting bids for the purchase of $4.5 million in mixed-use development tax credits.
Shapiro: $2,500 tax credit for new teachers, nurses, police officers
Last week, Gov. Josh Shapiro announced he will propose a three-year tax incentive of up to $2,500 a year for newly certified teachers, nurses and police officers in his upcoming Budget Address.
Awards for affordable rental housing total more than $92 million
Awards totaling more than $44.2 million in Low Income Housing Tax Credits, more than $20 million in National Housing Trust Funds for the construction of 1,459 affordable multifamily rental units in Pennsylvania, and more than $9 million in PennHOMES funding, were announced by Gov. Tom Wolf Thursday.
PA working families to benefit from new child care tax credit
To help ease child care costs for working families, the Wolf Administration and General Assembly is investing $25 million in the new child care tax credit program.
Bids for mixed-use development tax credits open
The Pennsylvania Housing Finance Agency is accepting bids for the purchase of $4.5 million in mixed-use development tax credits.
Central Pa., Lehigh Valley businesses get KIZ tax credits
Gov. Tom Wolf announced Thursday the approval of $14 million in 2021 Keystone Innovation Zone tax credits for 197 early-stage technology companies, including 10 in central Pennsylvania and the Lehigh Valley.
Purina to invest $167 million in Cumberland County factory, add 94 jobs
Nestle Purina intends to expand its Cumberland County operations with a $167 million investment in new processing and packaging lines at its Hampden Township manufacturing plant.
After Wolf veto, EITC backers hope for compromise
State lawmakers are pushing to expand a program giving tax breaks to companies that donate to nonprofit educational and scholarship organizations, including private schools, but the governor is pushing back. This month he vetoed a bill that would have expanded the popular program, known as the Educational Improvement Tax Credit program.
Community First Fund expanding executive team
Lancaster-based Community First Fund is bolstering its executive team and growing staff to prepare for greater lending growth across the communities it serves in Central Pennsylvania, the Lehigh Valley and suburban Philadelphia.
