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10 Reasons to Move Your Company or Relocate to the Harrisburg Capital Region
HARRISBURG (December 17, 2009) – The Harrisburg Regional Chamber & CREDC (HRC/CREDC) received confirmation from the Pennsylvania Department of Community and Economic Development (DCED) that 8 regional companies were selected to receive Keystone Innovation Zone tax credits. HRC/CREDC are the administrators and coordinators of the Harrisburg Market KIZ.
KIZ tax credits are used to offset certain state tax liabilities and significantly contribute to the ability of young KIZ companies to transition throughout the stages of growth. A total of $699,957 was awarded to 8 companies in Dauphin and Cumberland counties. These companies are in the approved industry clusters including advanced manufacturing, life sciences, and business technology solutions.
Companies awarded are listed below. These companies are located in the Murata Business Center (Carlisle), Hershey Center for Applied Research building (Hershey) or the Veterans Memorial Building (Harrisburg), all sites within the Harrisburg Market KIZ.
- Apogee Biotechnology Corporation - $100,000 (Hershey Center for Applied Research)
- Autumn Wave LLC - $70,155 (Murata Business Center)
- BitLeap LLC - $100,000 (Murata Business Center)
- Express Dynamics - $100,000 (Murata Business Center)
- TexVisions LLC - $100,000 (Murata Business Center)
- VQC Designs LLC - $29,802 (Veterans Memorial Building, Harrisburg)
- WebpageFX, Inc. - $100,000 (Murata Business Center)
- Z-Band Video, Inc. - $100,000 (Murata Business Center)
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
Linda Goldstein, Vice President & COO of CREDC stated, “The application of tax credits enables an emerging growth company to expand their employee base, as well as, their production and marketing efforts.” HRC/CREDC not only administers the Harrisburg Market KIZ but also the Tech Corridor Enterprise Zone and the Harrisburg Market Keystone Opportunity Zone (KOZ).
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.
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