Greater Susquehanna Keystone Innovation Zone
Companies that qualify for the KIZ tax credit program have the opportunity to earn up to $100,000 in tax credits, each eligible year.
The Greater Susquehanna Keystone Innovation Zone operates a tax credit program that allows qualifying companies located in one of the approved GSKIZ zones to receive tradeable tax credits to offset tax liability or sell to fund growth.
The Greater Susquehanna Keystone Innovation Zone was established to foster innovation and expand opportunities for entrepreneurs by leveraging the resources of educational and healthcare institutions, along with public and private sector partners.
Does my business qualify for the GSKIZ program?
You could be eligible if your for-profit business is…
- Located within the geographic boundaries of one of the GSKIZ zones
- Operational for less than 8 years
- Operating within one of the State-approved industry clusters, including:
- Information Technology
- Health Care
- Wood Products
- Diversified Manufacturing
- Life Science
Where are the zones located?
The GSKIZ is located within portions of Berwick, Bloomsburg, Danville, Lewisburg, Selinsgrove, Sunbury, and Shamokin. Please refer to the interactive map on this page for exact locations.
How do I sign up for the KIZ program?
Please contact Betsy Reichenbach, DRIVE’s business outreach manager at firstname.lastname@example.org to learn more and apply today! Applications are due by mid September each year.
How are the tax credit awards calculated?
A KIZ company may claim a tax credit equal to 50% of the increase in its gross revenues in the immediately preceding taxable year attributable to KIZ eligible activities in the zone, over the KIZ company’s gross revenues in the second preceding taxable year attributable to its activities in the KIZ. The tax credit is capped at $100,000 annually.
I still have questions. Who can I reach out to for answers?
Please feel free to reach out to Betsy Reichenbach, DRIVE’s business outreach manager with any additional questions at email@example.com.