Matzie: Nearly $1.2 million in tax credits awarded to support Beaver County industry expansion projects

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: 

  • $500,000 in tax credits to support a project by Avalotis Industrial Services to renovate a deteriorating warehouse in Aliquippa into a modern manufacturing facility so the company can expand its product line, explore robotic technology options and hire additional workers to scale production.
     
  • $500,000 in tax credits to support a project by Versatex Building Products LLC to repurpose a vacant lot in an Aliquippa industrial park into a modern manufacturing facility that will allow the company to expand its product lines, add office space and hire new employees – including at least 20 new employees each year over the next four years.
     
  • $197,553 in tax credits to support a project by BIL Holdings LLC to renovate a Monaca commercial property to create two separate office spaces. 

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/.