Civic News

City of Philadelphia to offer tax breaks to tech companies

Tech companies in Philadelphia might finally see some long-awaited light at the end of the tax tunnel. Mayor Michael Nutter has announced tax breaks for technology, design and video game firms that would hopefully encourage more companies to set up shop in the city. As the Metro reported this morning, under the new tax policy, […]

Tech companies in Philadelphia might finally see some long-awaited light at the end of the tax tunnel.
Mayor Michael Nutter has announced tax breaks for technology, design and video game firms that would hopefully encourage more companies to set up shop in the city.
As the Metro reported this morning, under the new tax policy, tech sector businesses would not be taxed for services sold outside of Philadelphia, which could pave the way for tax overhauls for all city businesses. The news follows Nutter’s address to the Greater Philadelphia Chamber of Commerce last week outlining the need to experiment with the city’s tax structure.
Videogame Growth Initiative organizer Mike Worth, who’s helped lead a grass roots effort to lobby City Hall on tech tax issues, as we’ve reported, tells Metro that the incentives might help convince his game development studio Space Whale Studios to move downtown.

Companies: Chamber of Commerce for Greater Philadelphia

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Election results: Live updates on presidential, Senate, House and PA races

Technical issues at the polls hit Pennsylvania, county extends voting hours

After the election, go to Thanksgiving dinner anyway

Philly's indie turnout tracker crashes on what could be a record-breaking Election Day

Technically Media