The Altoona-Blair County Development Corp. has been notified that its application to Pennsylvania’s Department of Community and Economic Development was accepted creating a new Enterprise Zone for Blair County.
The Altoona/Logan Township Keystone Communities Enterprise Zone designation begins immediately and will end on July 21, 2018.
As a designated Keystone Communities Enterprise Zone, the businesses located within the boundaries of the designation are eligible to apply to DCED for Enterprise Zone Tax Credits, Enterprise Zone Loans and will receive lower interest rates on a number of other state loan programs. The communities participating in the designation will also receive funding priority when applying for other state programs.
With this award, all of the locations within the City of Altoona and Logan Township that are zoned for business and industrial use will be eligible to apply for the available funds and tax credits.
Since 1986 when enterprise zones were introduced, ABCD has worked on over 100 projects eligible for assistance as part of regional enterprise zones stretching through multiple municipalities in Blair County.
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