Rep. Robert F. Matzie January 14, 2025 | 2:36 PM
AMBRIDGE, Jan. 14 – Several Beaver County companies will be able to move forward with projects to expand their operations thanks to newly awarded tax credits totaling nearly $1.2 million, state Rep. Rob Matzie announced today.
Matzie said the tax credits – awarded under the state’s Enterprise Zone Program – will spur investments in three different commercial renovation projects.
“I’m excited to see these tax credits go to work supporting projects to revitalize distressed properties into useful commercial spaces,” Matzie said. “These projects will allow our local employers to expand and create new jobs, strengthen our local industry and spur the economy by bringing more business to the region.”
Matzie said the tax credits were awarded for these projects:
The Enterprise Zone Program is a component of the Neighborhood Assistance Program. Operated by the state Department of Community and Economic Development, NAP helps low-income residents and improves distressed areas by providing tax credits to businesses that contribute to revitalization efforts. The Enterprise Zone Program provides tax credits for investments located within designated enterprise zones. More about the program is available here: https://dced.pa.gov/programs/neighborhood-assistance-enterprise-zone-tax-credit-napezp/. The current funding is part of a package of $34.3 million in tax credits awarded to support 218 projects statewide. More about the funding is available here: https://dced.pa.gov/newsroom/getting-stuff-done-shapiro-administration-announces-34-3-million-investment-to-support-218-projects-statewide-to-help-improve-the-quality-of-life-for-pennsylvanians/.
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