Keystone Innovation Zones Archives - Philly

Keystone Innovation Zones

Jan. 20, 2017 10:51 am

Biggest year to date for Philly KIZ: 36 companies grab $2.4 million in tax credits

Companies like Sidecar, Biomeme and VeryApt received credits.

Mar. 23, 2016 11:00 am

Companies on N3rd Street can now apply for state tax credits

The Keystone Innovation Zone tax credit program is back, and bigger than ever. Mayor Kenney will make the announcement at Arcweb later this morning.

Jul. 2, 2014 4:15 pm

Tech tax credits spared in Pa. budget negotiations

A budget proposal from the state House of Representatives would've put two key tax-incentive programs on hold.

Jun. 30, 2014 12:32 pm

State budget could ax key tax perks; local tech leaders push back

State lawmakers drafted a budget proposal last week that would freeze two major tax incentive programs. Local tech entrepreneurs say the cuts would hurt. A decision to fund the programs is expected by tomorrow.

Sep. 23, 2013 10:00 am

Half of the $25M Keystone Innovation Zone tax incentive went unused in 2012

A diverse group of Pennsylvania tech and biotech companies walked away with nearly $14 million from the state last year as beneficiaries of the Keystone Innovation Zone Program. Does your company qualify?

Feb. 14, 2013 9:00 am

Apple bought $2.33M worth of Pa. tax credits in 2012

Apple bought $2.33 million worth of Pennsylvania tax credits in 2012, the Philadelphia Inquirer reported. The tech giant bought the 32 tax credits from local companies who had received the credits from the state’s Keystone Innovation Zone program. This is actually a common practice, the Inquirer reported. Some early-stage companies apply for the credits in […]

Jun. 5, 2012 11:30 am

Five Philly-area business tax credits you didn’t know about

If your company is less than eight years old, growing and based in the right geographic location, it could be eligible to receive up to $100,000 in state tax credits. So says representatives of MVM Associates, a Fort Washington-based company that specializes in sellable Pennsylvania state tax credits. The organization claims more than $100 million […]

Apr. 21, 2010 11:00 am

$2.1 billion in state technology spending at an all-time high, boosted by stimulus

Current state technology investments are budgeted at an all-time high, due in part to federal economic stimulus dollars and an increased interest in government technology that promises reduced costs and improved services in Pennsylvania. According to a report from market research and professional services firm pjmathison, which assists clients with procurement, grants and loans, state […]

Jun. 10, 2009 8:30 am

University City Science Center welcomes three new companies

Europe’s largest organization for advancing chemical sciences has landed. The Royal Society of Chemistry, which has a worldwide network of members and an international publishing business, needed to set up an East Coast base to continue its expansion. So, RSC and two other organizations, including a second foreign group making their first U.S. home in […]

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