Expanding opportunities for innovative entrepreneurs
The Greater Susquehanna Keystone Innovation Zone (GSKIZ) operates a tax credit program allowing qualifying companies in one of the approved GSKIZ zones to receive tradable tax credits to offset tax liability or sell to fund growth. GSKIZ was established to foster innovation and expand opportunities for entrepreneurs by leveraging the resources of educational and healthcare institutions, along with public and private sector partners.
FAQ
Does my business qualify for the GSKIZ program?
You could be eligible if your for-profit business is…
- Located within the geographic boundaries of one of the GSKIZ zones
- Operational for less than eight years
- Operating within one of the State-approved industry clusters, including:
- Information Technology
- Health Care
- Wood Products
- Diversified Manufacturing
- Life Science
Where are the zones located?
The GSKIZ is located within portions of Berwick, Bloomsburg, Danville, Lewisburg, Selinsgrove, Sunbury, and Shamokin. Please refer to the interactive map on this page for exact locations.
How are the tax credit awards calculated?
A KIZ company may claim a tax credit equal to 50% of the increase in its gross revenues in the immediately preceding taxable year attributable to KIZ-eligible activities in the zone, over the KIZ company’s gross revenues in the second preceding taxable year attributable to its activities in the KIZ. The tax credit is capped at $100,000 annually.
How do I sign up for or ask questions about the GSKIZ program?
Please email Amanda Craig Bradley, DRIVE’s business outreach manager, to learn more and apply today. Applications are due by mid-September each year. The KIZ Tax Credit Program guidelines, prepared by the PA Department of Community and Economic Development, are also an excellent resource.
