• KEYSTONE OPPORTUNITY EXPANSION ZONES
• SHENANGO VALLEY ENTERPRISE ZONE
• REAL ESTATE TAX ABATEMENT
• LOW-INTEREST BUSINESS LOANS
• PA SELECTSITES

KEYSTONE OPPORTUNITY EXPANSION ZONES

Several sites at Reynolds East Business Park , Reynolds North and Reynolds Industrial Park have been designated Keystone Opportunity Expansion Zones (KOEZ). Within a KOEZ, the following state and local taxes are waived:

• State Taxes: Corporate Net Income Tax, Capital Stock & Foreign Franchise Tax, Personal Income Tax, Sales & Use Tax.
• Local Taxes: Earned Income/Net Profits Tax, Business Gross Receipts, Business Occupancy, Business Privilege & Mercantile Taxes, Local Real Property Tax, Sales & Use Tax.

Tax relief by virtue of KOEZ status is retained until December 31, 2013.

Click here to calculate your total tax savings. (Need Microsoft Office 2003)

In addition, projects in KOEZs shall receive:

• Priority consideration for assistance under state economic-development programs, and
• The lowest interest rate extended to businesses anywhere in Pennsylvania under certain state financing programs.

SHENANGO VALLEY ENTERPRISE ZONE

Each of the Reynolds Industrial Parks is a part of the Shenango Valley Enterprise Zone, offering these advantages for your business:

• Lowest interest rates available for state lending programs.
• Accessibility to local revolving loan funds with below-market interest rates.
• Tax credits for new construction.
• Prioritization for certain state development programs.

REAL ESTATE TAX ABATEMENT

All sites at Reynolds East Business Park are eligible for real estate tax abatements, on a graduated basis, for a term of five years.

LOW-INTEREST BUSINESS LOANS

With an in-depth knowledge of local, state and federal financing options, Greenville-Reynolds Development Corporation will help your company achieve the best possible funding sources. A number of public and private financing programs are available also which can be tailored to meet your specific business needs, often at rates as low as 3.0%.

PA SELECTSITES

Five sites at Reynolds East Business Park have been designated PA SelectSites. Two have been designated for general manufacturing, two for light industrial assembly, and one for commerce development. Each SelectSite meets a specific market-driven industry standard and is "shovel-ready".