News

News and information about CAN DO for the community, investors, volunteers and board members.

OBJECTIVE

The goal of the Industrial/Business Park Incentive Program is to create new quality employment opportunities, while promoting the sale of land in County industrial/business parks. The program is designed to offer financial incentives to attract businesses creating quality employment opportunities to eligible Luzerne County industrial/business park sites owned by an Industrial Development Corporation (IDC). To be eligible for this incentive, both the business and the IDC must meet the criteria established below:

PROGRAM FINANCING

The business will be eligible to receive a $1,000 grant for every job meeting the Job Creation Requirements listed below, up to $200,000. Said funding will be derived from the County, through the IDC in the form of a reduction in the purchase price of the land for the eligible grant amount.

BUSINESS QUALIFICATIONS/CONDITIONS

  • The business must be locating or expanding within a County industrial business park that is owned by the IDC and carries a lien from an existing Business Development Loan from the County.
  • The business must purchase the site from the IDC or commit to a lease of at least 10 years with a developer who purchases the site from the IDC.
  • The business must commit to remaining in the area for a minimum of 10 years and to achieve job creation goals within 3 years.

Participation in this program does not preclude a business from seeking other County economic development financing programs as long as job creation requirements are satisfied.