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The principal
services of the Pennsylvania Economic Development Partnership are
directed at improving the economic condition of Low-Income
Communities and Low-Income Persons by encouraging investment.
Federal Tax
Credits
The
Pennsylvania Economic Development Partnership can award qualified
investors a transferable federal tax credit equal to 39% of the
investment. The Partnership can arrange for the sale of the credits
where desired.
State Tax Credits
The Pennsylvania
Economic Development Partnership can negotiate state tax credits
based upon investment. In some instances, the credits are
transferable and in some instances they are treated as cash
(refundable regardless of tax liability). In some States, the tax
credit can be as much as 100% of the investment.
Training Grants &
Funding
The Pennsylvania Economic Development
Partnership can assist companies in obtaining grants and other
funding for job skills training for both existing employees and new
hires.
Capital Grants
The Pennsylvania
Economic Development Partnership can assist companies in obtaining
grants to reduce the cost of investment.
Working Capital Grants and Low Interest
Loans
The Pennsylvania Economic Development
Partnership can assist companies in obtaining grants and low
interest loans to reduce the cost of an investor's debt
service.
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