Businesses looking to expand from out of state need to locate and operate within a KOZ to receive state and local business tax exemptions. For companies already located in Pennsylvania, these exemptions can be realized, provided companies either:
Increase full-time employment by at least 20 percent in the first full year in the Zone or
Make a capital investment equal to 10 percent of its previous years gross revenues.
The Northwest Pennsylvania Keystone Opportunity Zone is made up of twenty sub zones in nine counties. Sites range in size from ten to thirteen hundred acres. Land is available for sale or lease.