grant dced/56
Neighborhood Assistance Program Enterprise Zone Tax Credit (NAP-EZP)
An incentive program that provides tax credits to businesses or private companies investing in rehabilitating, expanding, or improving buildings or land located within designated enterprise zones.
Funding Source
Agency: Pennsylvania Community & Economic Development
Eligibility
Private for-profit companies including agricultural, industrial, manufacturing, or research and development enterprises, as these terms are defined in the Pennsylvania Industrial Development Authority Act, within Pennsylvania are eligible to apply. This includes business firms authorized to do business in Pennsylvania and subject to the following taxes imposed by the Tax Reform Code of 1971, 72 P.S:<br /><br />Eligible Project Activities include: Rehabilitation, Expansion, Improvement to a building(s), Improvement to land, Engineering, Architecture, Acquisition In addition, EZP requires: The project is within portions of a distressed community designated as an Enterprise Zone, Employment opportunities are created for low-income individuals located within the designated Keystone Main Street, Keystone Community, or Keystone Communities Enterprise Zone. Employment opportunities must be full-time, higher than state minimum wage at a family sustainable wage and include benefits. Tax credits equal 25% of amount invested; Up to $500,000 total tax credits per project.
Private for-profit companies including agricultural, industrial, manufacturing, or research and development enterprises, as these terms are defined in the Pennsylvania Industrial Development Authority Act, within Pennsylvania are eligible to apply. This includes business firms authorized to do b…
Dates
Application Opens: May 1, 2024
Application Deadline: June 30, 2035
Supporting links
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