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Welcome to WEDCorp.org - / Resources / Financing / Tax Credits & AbatementsThursday, May 17, 2012
WEDCO
32 Commercial Street, Suite1
Honesdale, PA 18431
570-253-5334
Fax 570-253-0818
 


Virtually free of taxes through 2013.  Pennsylvania's Keystone Opportunity Zone (KOZ) program allows us to promote the Palmyra Business Park in this manner because it has KOZ status.  The KOZ program is just one tax credit and abatement program available to developers in Wayne County.  WEDCO will assist with the application process, and work with appropriate agencies and economic development professionals, to help determine your eligibility and find the best program for your success.

Program information is provided by the PA Department of Community and Economic Development (DCED). Contact WEDCO to learn how and where to apply, or visit DCED's website for specific program guidelines.

Job Creation Tax Credits (JCTC)
A $1,000-per-job tax credit to approved businesses that agree to create jobs in the Commonwealth within three years.

Keystone Opportunity Zones (KOZ)
Provides state and local tax abatement to businesses, property owners, and residents locating in one of the 12 designated zones as of January 1, 1999.

Research and Development Tax Credits
Allows employers qualifying for the federal R and D tax credit to receive a 10 percent tax credit for increased research activities in Pennsylvania over a base period.



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Copyright © 2010 Wayne Economic Development Corporation - WEDCO - 32 Commercial Street, Suite 1 • 570-253-5334 • Fax 570-253-0818

Wayne County - Located along Pennsylvania’s I-84 Corridor. A northeast location with lower costs, growing labor force, and excellent highway access.
With I-81 and I-380 just minutes away, New York, New Jersey, and the New England markets are easily reached in 2 to 3 hours.