KIZ Benefits

KIZ

KIZs are designated zones that leverage community/college partnerships to create and grow businesses in zone-specific target industries. The Huntingdon County/Juniata College KIZ, a partnership between HCBI and Juniata College, is targeting information technology and life sciences companies. Currently 17 other KIZs exist across the Commonwealth.

KIZ Companies

KIZ companies are defined as those businesses in one of the target industries (information technology or life sciences) less than 8 years old and within the geographical boundaries of the zone.

Benefits

  • Tax Credits = 50% increase in gross revenue over 2 year period (tax credits not used by the KIZ company can be sold to other companies within PA)
  • Preferred access to Department of Community and Economic Development funding programs (including R+D)
  • KIZ Workshop series
  • Locally-developed “KIZ Intern Program”
  • Support from Juniata’s Innovations for Industry program
  • Access to network of entrepreneurial support organizations throughout state (for tech transfer, launching a venture or locating funding)

If you are interested in learning more about the KIZ, please contact Lorenn Schouppe-Wright, HCBI KIZ Coordinator.