Exciting opportunity for our PSL community members!

Time is running out for 2023, but the good news is that many companies can still take advantage of two lucrative benefits offered by the State of Pennsylvania. Are you interested? Keep reading to learn how!

1️⃣  KIZ - An incentive program that provides tax credits (that can be sold for cash) to for-profit companies less than eight years old operating within specific targeted industries within the boundaries of a Keystone Innovation Zone. In 2022 alone, 176 young companies took advantage of the KIZ program, splitting over 74,000 in credits that could be sold for cash.

2️⃣ R&D - Both federal and state R&D tax credits are available to companies that spend qualified research dollars on developing or improving products or processes. A wide variety of businesses may qualify. The federal credit has a benefit for starts ups and must be claimed on a company’s tax return while the state credit is sellable.

Don't miss out on these lucrative benefits! To determine your company’s eligibility, reach out to Anne Fabry at MVM Associates ASAP.

Contact her today at afabry@mvmgrants.com or 267-918-4244 to learn more about how these programs can help your business grow and thrive.