• Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure

Business Incentive Programs In Pennsylvania

Have a development project or business that you are interested in locating in Cumberland Valley? There are a number of incentives available to make your business or project economically viable.

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ECONOMIC DEVELOPMENT ZONES

A variety of economic development zones are designated throughout Cumberland County. These zones provide various types of incentives to qualifying businesses located within the designated areas. Four types of zones are designated in Cumberland County: Foreign Trade Zones (FTZ), SBA Historically Underutilized Business (HUB) Zones, Enterprise Zones, and Keystone Innovation Zones (KIZ).

PUBLIC FUNDING

CAEDC assists clients interested in obtaining federal, state or local funding to assist in improvements to sites and transportation. Whether it is assisting with applying for grant funding or navigating the tax abatement process, CAEDC collaborates with local officials and stakeholders to match businesses with the right public funding options.

LOCAL ECONOMIC REVITALIZATION TAX ASSISTANCE (LERTA)

A LERTA is an incremental tax abatement that allows local governments to incentivize development in areas that are “economically depressed”. These abatements are used to encourage construction and improvements to an industrial, commercial and business property. The abatement is structured by the local taxing body allowing for the reduction in real property taxed over a period of time (up to 10 years) on all or a portion of the assessment attributed to new construction improvements.

TAX INCREMENTAL FINANCING (TIF)

TIFs are mechanisms for funding public infrastructure improvements for private residential, commercial or industrial development. An allocation of all or a portion of additional tax revenue resulting from increasing property values from a development project are dedicated to funding public infrastructure improvements.

STATE BUSINESS ASSISTANCE AND INCENTIVES

The Pennsylvania Department of Community and Economic Development (DCED) and the Governor’s Action Team (GAT) provide corporate incentives to companies looking to relocate to Cumberland County. Various grants, loans, tax assistance and bond programs are available. CAEDC provides grant writing and application assistance to businesses interested in applying for state funding. Programs vary by project size and type.

State Business Assistance Program Guide (pdf)

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