Tax Abatement Programs

KOZ

Over 37,000 acres of developable land virtually free of state and local taxes? It’s here, in Pennsylvania, where the Keystone Opportunity Zone (KOZ) program is providing a once-in-a-lifetime opportunity to develop land with greatly reduced or completely eliminated state and local taxes.

Since its inception in 1999, over 10,000 new jobs have been created as a direct result of Keystone Opportunity Zones, with many more on the way. Because of the tremendous success of the KOZ initiative, additional zones were added in 2001. By eliminating state and local taxes within specific underdeveloped and underutilized areas, communities within Pennsylvania are experiencing economic growth and investment.

Pennsylvania is committed to developing and using advanced technology to strengthen the business climate within the state.

Click here to view Monroe County KOZ properties
Click here to go the KOZ web site.

LERTA

LERTA stands for Local Economic Revitalization Tax Assistance and it was established to allow local taxing authorities to exempt improvements to business property if the property is in a designated area.

The Pocono Mountains Corporate Center South, East and Arcadia North Business Park have all been designated LERTA Zones and businesses locating here are eligible for local property tax exemptions.

The exemption is spread over a six-year period, starting with a 100% exemption in the first year and decreased by 20% each year.

Click here to view Monroe County LERTA properties

Contact Dennis Noonan at PMEDC for more details or to visit some of these tax exempt properties.