Incentives

We have all the incentives you need to Make it in! Mercer County.

These include available sites in Keystone Opportunity Zone, financing options and more.

Mercer County is home to more than 500 acres of land located in Pennsylvania’s Keystone Opportunity Zones.  KOZ offer businesses exclusive tax incentives to help ease the fiscal pressure put on new and expanding businesses.

Keystone Opportunity Zone:

Tenants of KOZ Properties may be exempt from the following taxes until 2017, 2020 or as late as 2025, depending on the site selected:

Tax Free Property

  • State Taxes:

    Corporate Net Income Taxes, Capital Stock & Foreign Franchise Tax, Personal Income Tax, Sales & Use Tax, Bank Shares & Trust Company Shares Tax, Alternative Bank & Trust Company Shares Tax, Mutual Thrift Institutions Tax, Insurance Premiums Tax

  • Local Taxes:

    Earned Income/Net Profits Tax, Business Gross Receipts, Business Occupancy, Business Privilege & Mercantile Taxes, Local Real Property Tax, Sales & Use Tax

KOZ sites available:

Financing

If your business is looking to expand, we have the financial tools to help you Make it in! Mercer County with loans, grants, credits, abatements and more.

MERCER COUNTY INDUSTRIAL GROWTH FUND

Penn-Northwest Development Corporation manages and administers a multimillion dollar revolving load fund in partnership with the Shenango Valley Enterprise Zone Corporation. These funds are available for assisting new and expanding value-added industrial and manufacturing firms in the Shenango Valley and Mercer County.

    • Manufacturing
    • Industrial
    • Warehouse
    • Distribution
    • Business-to-Business
    • Advanced Technology

Eligible uses of funds include:

      • Land acquisition preparation and associated expenses
      • Building acquisition, renovation or additions
      • Machinery and equipment purchases, new and used
      • Limited working capital, soft costs of engineering and legal fees

There are also various state and local programs available to companies looking to relocate, expand or start a business in Mercer County.  For details on the Mercer County Industrial Growth Fund, click here.

Tax Exempt Financing from the Mercer County Industrial Development Authority

Mercer County Industrial Development Authority (MCIDA) primarily serves as an issuer of tax-exempt bonds up to $10 million as stand-alone transactions.  Bond funds are loaned to businesses and can be used to finance land, building, and new machinery and equipment.  Primarily, the eligible companies include small manufacturers and non-profit 501(c)3 corporations.

For more details on tax-exempt financing through the MCIDA, click here for a flyer.

Contact the Improvement Movement Teamwith the details of your project and let us assist you in determining the best financing strategy for you.