Innovative Manufacturers' Center

Driving Manufacturing Growth and Job Creation in Central Pennsylvania

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KIZ Tax Credits: Powerful Tax Credits for Entrepreneurs & Start-Ups

Qualified KIZ companies located in a designated zone are eligible to apply for the KIZ Tax Credit.

Lycoming Keystone Innovation ZoneThe KIZ Tax Credit program offers up to $100,000 in tax credits to companies annually. The state is able to grant up to $15 million in tax credits each year to KIZ Companies. Companies must qualify for the KIZ program, and must be increasing gross revenues annually to apply for the credits. The unique KIZ Tax Credit program can contribute significantly to a start-up business’s needs for tax relief.

Since 2007, KIZ companies in Williamsport alone have received over $3 million in KIZ Tax Credits!

Another unique feature of the KIZ Tax Credit program, if eligible, is the ability of a KIZ company to sell their KIZ Tax Credits to another company. Brokers are available to help identify buyers and facilitate a sale transaction.

KIZ Tax Credit Criteria

A company must meet the following requirements in order to apply for KIZ Tax Credits. A company or entrepreneur must:

  • Have an approved KIZ Company designation.  (Complete and return the Williamsport/Lycoming KIZ Company Application)
  • Operate within a KIZ-designated geographical area/zone.
  • Work within a targeted industry segment for that particular KIZ.
  • Be in operation for less than eight years.
  • The KIZ Company must meet all other requirements for application, which currently include: semi-annual reporting for the KIZ program; obtaining a DUNS number from Dun & Bradstreet; and reporting the impact of KIZ Tax Credit projects and services to IMC’s sponsors annually. Additional requirements may be added without prior notice.

Not meeting requirements of the program will affect the company’s KIZ designation and access to grant opportunities and the KIZ Tax Credit Program.

Once a company meets all KIZ requirements, they can apply for the tax credits with the approval of the KIZ Coordinator. A company may claim a tax credit equal to 50% of the increase the company earns in gross revenues over a two-year period, up to $100,000 per year.

Complete Tax Credit Program Overview and Guidelines

Click here for complete details and guidelines on the KIZ Tax Credit Program.

Interested in the KIZ Tax Credit program?

Fill out the form at the top right to learn more, or call 570-329-3200.

  • Contact the KIZ

  • Williamsport/Lycoming KIZ

    • About the Williamsport/Lycoming KIZ
    • KIZ Services
    • KIZ Tax Credits
    • KIZ Benefits
    • Qualify for the KIZ
  • Contact Information

    Brenda Holdren
    Director of Business Leadership
    Phone: 570-329-3200 x8090
    Fax: 570-329-1440

    brendah@imcpa.com

Testimonials View All

  • "Through the assistance of IMC, we have been able to develop a quality high temperature grout as well as a superior Oil Field Containment System, both of which have opened up new doors and possibilities into a growing industry for Polymics."

    — Dr. Tim Hsu, President, Polymics

  • "The project improved leadership capabilities of existing management, helped to build more leaders and educated employees on the basics of economics and expanded their business sense. I often recommend IMC to other manufacturers as an innovative source in solving problems and eliminating bottlenecks."

    — Randy Beiler, General Manager, Pik Rite, Inc.

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IMC, Inc.
One College Avenue
Dept. 32
Williamsport, PA 17701-5799

Tel: 570-329-3200
Toll Free: 800-326-9467