Wolf approves tax credits for local tech companies

Six Blair firms, eight Centre firms receive $560K

From Mirror staff reports

STATE COLLEGE — The Chamber of Business & Industry of Centre County Wednesday welcomed the Wolf administration’s ap­proval of Keystone Inno­vation Zone tax credits for several early-stage technology companies in Centre and Blair counties within the I-99 Innovation Cor­ridor.

Gov. Tom Wolf an­nounced that 255 emerging businesses in the commonwealth were approved for just under $15 million in tax credits. Eight Centre County businesses and six Blair County businesses were among those receiving tax credits for a combined total of $560,856.

“Keystone Innovation Zones provide a network of support and resources to early stage companies,” CBICC Vice President of Economic Development Jennifer Myers, said in a statement. Myers serves as KIZ coordinator for the I-99 Innovation Corridor, which comprises Centre, Blair and Bedford counties. “The program provides much needed working capital for companies working toward commercializing innovative technology and that often face many challenges in getting their businesses off the ground.”

The following Centre County early-stage companies were approved for KIZ tax credits: Piezo Ener­­gy Inc., Aleo BME Inc., Impulse Technology LLC, EXH Inc., Nittany Laser LLC, ColumnTek LLC, Solid State Ceramics and Solid Dynamics. LLC.

Blair County companies ap­proved include: Adiaon LLC, Railroad City Brewing Co., The Mid-State Solutions Group LLC, Nova 6 LLC, Depiro Entertainment and Ascribo LLC.

In her role as I-99 Inno­vation Corridor coordinator, Myers verifies that applicants meet KIZ program eligibility requirements; coordinates training seminars for KIZ companies; and annually visits company locations to verify they are operating in the designated KIZ zone.

Myers also monitors new companies that might potentially be eligible for the KIZ program and establishes those companies with KIZ accounts.

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