2016 Harrisburg Market Keystone Innovation Zone (KIZ) Tax Credit Awards

Posted On On: January 11, 2017 Categories Filed Under: Chamber News

FOR IMMEDIATE RELEASE

 

CONTACT:     

Melissa Stone
VP of Economic Development

(717) 213-5042
melissa@hbgrc.org

 

2016 Harrisburg Market Keystone Innovation Zone (KIZ) Tax Credit Awards

 

HARRISBURG, PA (January 10, 2017) –The Harrisburg Regional Chamber & the Capital Region Economic Development Corporation (Chamber & CREDC) received confirmation from the Pennsylvania Department of Community and Economic Development (DCED) that nine Cumberland County companies  and four  Dauphin County companies were selected to receive Keystone Innovation Zone (KIZ) tax credits.  The Chamber & CREDC are the administrators and coordinators of the Harrisburg Market KIZ.

 

KIZ tax credits are used to offset certain state tax liabilities or can be sold to obtain cash.  Either significantly contributes to the ability of young emerging growth companies to transition throughout the stages of growth.  A total of $675,742 was awarded to thirteen companies in Cumberland and Dauphin counties.

 

Companies awarded are listed below.

 – Global Perspectives Testing Center, LLC – TecCelerator@Carlisle by CREDC, Cumberland County ($82,585)

   Global Perspectives Training Center, LLC – TechCelerator@Carlisle by CREDC, Cumberland County ($82,585)

   New Era Othopaedics, LLC – Hershey Center for Applied Research, Dauphin County ($82,585)

   Vispronet, Inc. – TechCelerator@Carlisle by CREDC, Cumberland County ($82,585)

   Red Privet, LLC –  Train Station, Dauphin County ($82,585)

   Bridgesell, LLC – TechCelerator@Carlisle by CREDC, Cumberland County ($17,333)

   ZBand IP Systems Inc –  TechCelerator@Carlisle by CREDC, Cumberland County ($32,792)

   Go Green IT, Inc. – TechCelerator@Carlisle by CREDC, Cumberland County ($22,030)

   Return Logic, Inc.– TechCelerator@Carlisle by CREDC, Cumberland County ($13,393)

   Ephyra Group, LLC – Train Station, Dauphin County ($38,382)

   Inbound Marketing, Inc. – TechCelerator@Carlisle by CREDC, Cumberland County ($41,399)

   Crimewatch, Inc – TechCelerator@Carlisle by CREDC, Cumberland County ($14,903)

   SMB Computer Solutions, LLC – Train Station, Dauphin County ($82,585)

 

Companies are eligible for KIZ tax credits if they:

·         Have been in operation for less than eight years

·         Are located within the boundaries of a DCED approved KIZ

·         Operate within one or more of the targeted industry sectors of a particular KIZ and have worked with the KIZ coordinator

 

The Chamber & CREDC not only administer the Harrisburg Market KIZ, but also the Technology Corridor Enterprise Zone and the South Central Keystone Opportunity Zone (KOZ).

 

The Capital Region Economic Development Corporation is the economic development arm of the Harrisburg Regional Chamber and is the leading organization for promoting and performing economic development activities in Cumberland, Dauphin and Perry counties.  The group offers a variety of programs and resources to help attract, retain and expand business in the region. CREDC is approved as a Certified Economic Development Organization by the PA Department of Community and Economic Development to conduct lending and other economic development activities in Cumberland, Dauphin, and Perry counties. 


The Harrisburg Regional Chamber & CREDC serves as a catalyst for promoting growth and quality of life in Cumberland, Dauphin and Perry Counties by providing a unique blend of business, community and economic development and advocacy services under one roof to boost our economic vitality and livability as a region. The Chamber & CREDC has been accredited with five stars from the United States Chamber of Commerce.

 

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