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KOZs are defined, limited areas with a greatly reduced or no tax burden for residents and businesses. (Titusville's sites are designed only for businesses, not residential development).
Designed to attract economic activity where limited activity currently exists, zones are designated by local communities
and must be approved by the State. KOZ status may be retained for up to 12 years. The program is patterned after a one created by Michigan.
If a business moves into a moving from another location into a zone, full-time employment must increase by 20% in the first full year or the business
must make a capital investment in the property equivalent to 10% of gross revenues from the prior year.
You can review Pennsylvania's web site giving current information regarding the program at Keystone Opportunity Zone Overview
Current Keystone Opportunity Zone application guidelines are available from
the Pennsylvania Department of Community Development Customer Service Center, 4th Floor, Forum Building, Harrisburg, PA 17101, 800-379-7448. But remember, we can take care of all of that for you
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