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Allentown's Enterprise Zone
There are numerous benefits available to businesses locating in the Allentown Enterprise Zone. While these are summarized below, you should contact the Allentown Enterprise Zone coordinator at the AEDC’s Bridgeworks Enterprise Center for more details and specific applicability to your project or business. Contact Lewis Edwards at 610.770.1015 or email ledwards@thebridgeworks.com.
- Reduced interest rate on Pennsylvania Industrial Development Authority loans for property purchase, construction or renovations to buildings for manufacturing, technology or headquarters projects. Interest rates are 4% in Enterprise Zones on PIDA’s 40% participation in the project.
- Pennsylvania Tax Credits are available for businesses improving property in an Enterprise Zone. Up to 25% of an investment can be recovered in the form of PA corporate net income tax credits.
- Businesses investing at least $1 million in the Enterprise Zone are eligible to apply for an Enterprise Zone Competitive Grant whereby the Commonwealth grants up to $350,000 to AEDC which then lends the funds to the project at 4% interest.
- Enterprise Zone businesses and locations receive special consideration from numerous other Commonwealth programs, such as when bidding on a Commonwealth contract or cleaning up an environmentally contaminated site.
- Businesses are eligible to receive free assistance from several businesses located in the Home Office Alternative @ The Bridgeworks. These consulting businesses have agreed to provide a limited amount of free service to Allentown Enterprise Zone businesses.
Click to download a PDF of the Enterprise Zone Map
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