INCENTIVE DESCRIPTION

State: PA
Incentive Type: Property Tax Incentives
Incentive Title: Tax Increment Financing
Description: TAX INCREMENT FINANCING - An economic development tool to help local communities finance the development, redevelopment and revitalization of Brownfield and Greenfield sites through the use of property tax increment generated by a project. May be used to finance the following projects: 1) infrastructure and environmental projects for industrial and retail; 2) infrastructure, environmental and building projects for manufacturers, hospitals, convention centers and associated hotels; 3) revitalization of abandoned or underutilized industrial, commercial, military, previously mined sites or buildings; 4) undeveloped sites to be planned and developed.
Eligibility Requirements: Project must be located within a blighted area and also in a designated TIF district. Businesses or developers must agree to the creation of a certain number of full-time jobs.
Geographic Restrictions: TIF Districts Statewide
Granting Authority: Municipality


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.