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Incentives

The FCADC packages and delivers a wide array of economic development incentives designed to enhance the economic well-being of our area. Since 1986, the FCADC has delivered hundreds of millions of dollars of incentives to County employers, resulting in the creation of over 14,000 jobs and the retention of more than 25,000.

Tax Credit Programs

Keystone Opportunity Zones (KOZ)

Keystone Opportunity Zones are defined-parcel-specific areas with greatly reduced or no tax burden for property owners, residents and businesses. KOZ's have been designated by local communities and approved by the state. The Cumberland Valley Business Park in Chambersburg has several KOZ designated areas.

Foreign Trade Zones (FTZ)

Foreign Trade Zones (FTZs) were created by the federal government in 1934 and are neutral, secured areas legally outside of U.S. Customs' territory. Products in an FTZ are protected from taxation and duty charges. In an FTZ, your products and materials can be stored, manufactured, repackaged, or exhibited in a U.S. Customs Bonded Warehouse to qualify for a lower duty or upon re-export, to eliminate duty entirely. There are several locations in Franklin County with FTZ designations including small portions on the south end of Chambersburg, the portions of the Cumberland Valley Business Park, and United Business Park in Shippensburg.

Job Creation Tax Credit (JCTC)

The JCTC provides a $1,000 tax credit to approved businesses that agree to create new jobs in the Commonwealth. A business must agree to create a minimum of 25 new jobs or new jobs equaling at least 20% of its existing work force within three years. The tax credit cannot be used until the jobs are actually created.