Cambria adds 3 areas to KOEZ
EBENSBURG — Three areas in Cambria County have officially been designated as Keystone Opportunity Expansion Zones.
The Cambria County commissioners approved 342 total acres of property in Jackson and Richland townships and Johnstown to receive the designation Thursday morning, which county leaders said could help provide an economic boom to the county.
“These areas are ripe for growth,” Cambria County President Commissioner Tom Chernisky said. “The Keystone Opportunity Zones have the potential to bolster economic activity at the sites selected.”
Under the KOEZ designation, properties in the three areas will be waived from most state and local taxes.
The designation, which was retroactively approved effective Jan. 1, will run for 10 years. The KOEZ can be reupped in 2033, but municipal officials will need to apply for extension if eligibility conditions are met.
Areas designated as KOEZ include 129 acres in Richland Township at the John Murtha Johnstown-Cambria County Airport, 96 acres at the Jackson Township Business Park and 117 acres in the city of Johnstown, including various small parcels and the Johnstown Urban Industrial Park.
Chernisky said that officials from three municipalities worked with the county and their respective school districts to develop the application information, which was approved at the state level.
Johnstown Industrial Development Corp., a subsidiary of JARI, was the applicant for the program.
With the KOEZ now in effect, county officials said they hope it can entice businesses to set up shop in Cambria County and improve economic development.
“This is a win-win across the board,” Chernisky said.
Mirror Staff Writer Calem Illig is at 814-946-7535.