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KEYSTONE INNOVATION ZONE (KIZ) INFORMATION

The Scranton Enterprise Center is located within a designated Keystone Innovation Zones (KIZ).

KIZ’s are a part of the Commonwealth of Pennsylvania’s economic stimulus package. KIZs are designated zones that are established in communities that host institutions of higher education. These zones are designed to foster innovation and create entrepreneurial opportunities. They do this by gathering and aligning the combined resources of educational institutions, private businesses, business support organizations, commercial lending institutions, venture capital networks (including angel investors), and foundations.

The Northeastern Pennsylvania Technology Institute coordinates the Lackawanna and Luzerne County KIZs. Companies located within the geographic designations less than eight years old and within one of the designated sectors may take advantage of tax credits, utilize the services of our local college students as interns, and benefit from innovation grants.

For additional information on the KIZ program, go to www.nepati.com/kiz-program/.