There are numerous benefits available to businesses locating in the Allentown Enterprise Zone. While these are summarized below, please contact the Allentown Economic Development Corporation for more details and specific applicability to your project or business. Contact AEDC at (610) 435-8890 or emailĀ info@allentownedc.com.
- Priority consideration for the Commonwealth of Pennsylvania’s Department of Community and Economic Development grants and business development loan funds.
- Eligible businesses located within the zone may apply for Enterprise Zone Revolving Loan Fund grants for up to $350,000 per project.
- Eligible businesses receive priority consideration for any resource administered by state government that would assist in leveraging imminent business investment and job creation in an Enterprise Zone.
- Eligible businesses located within the zone may apply for 25% Enterprise Zone Tax Credits under the Neighborhood Assistance Program. These tax credits can be applied against most state business taxes for the value of improvements made to business properties located within an Enterprise Zone.
- Eligible businesses located within the zone receive priority consideration when bidding on state government contracts. This benefit continues for five years after the zone exits the program.
- Businesses are eligible to receive free assistance from several businesses located in the Home Office Alternative @ The Bridgeworks. These consulting businesses have agreed to provide a limited amount of free service to Allentown Enterprise Zone businesses.
