Month: January 2017

Keystone Opportunity Zone

Alta Vista is a designated Keystone Opportunity Zone (KOZ). This means that qualified companies will not be responsible for most local and state taxes until 2023, including: State: Corporate Net Income Taxes Capital Stock & Foreign Franchise Tax Personal Income Tax Sales & Use Tax Bank Shares and Trust Company Shares Tax Alternative Bank and […]

Neighborhood Assistance Program

An incentive program that provides tax credits to private companies investing in rehabilitating, expanding, or improving buildings or land located within designated enterprise zones. Uses Real property improvements such as rehab, expansion or physical improvements to buildings or land resulting in jobs created or retained. Funding Tax credits equal 25% of amount invested; Up to […]

Job Creation Tax Credit

A $1,000-per-job tax credit to create new jobs in the state within three years. Uses Tax credits used to offset various business tax liabilities. Funding $1,000-per-job tax credit to approved businesses that agree to create jobs within three years. Twenty-five percent of the tax credits allocated each year must go to businesses with less than […]

Historic Preservation Tax Credit (HPTC)

The Historic Preservation Tax Credit (HPTC) provides tax credits to qualified taxpayers who will be completing the restoration of a qualified historic structure into an-income producing property. All projects must include a qualified rehabilitation plan that is approved by the Pennsylvania Historical and Museum Commission (PHMC) as being consistent with the standards for rehabilitation of […]

Marketing to Attract Tourists Program

The Marketing to Attract Tourists Program provides funding to support and development international tourism, sports marketing, outdoor recreation, and cultural attractions. Contact us for an informational packet.

Industrial Sites Reuse Program (ISRP)

Grant and low-interest loan financing to perform environmental site assessment and remediation work at former industrial sites. Uses Phase I, II and III environmental assessments; Remediation of hazardous substances Funding Grants and loans up to $200,000 for environmental assessments; Grants and loans up to $1 million for remediation Contact us for an informational packet.

Redevelopment Assistance Capital Program (RACP)

The Redevelopment Assistance Capital Program (RACP) is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act, have a regional or multi-jurisdictional impact, and […]

Pennsylvania Industrial Development Authority (PIDA)

The PIDA provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities.  Loan applications are packaged and underwritten by a network of certified economic development organizations (CEDOs) that partner with PIDA to administer the program. Uses Land […]