Pennsylvania Tax Credits and Incentives
To continue economic growth, Pennsylvania administers several incentive programs that could apply to both local businesses and out-of-state expansions into the state. Below is an overview of Pennsylvania’s most widely used incentive program.
Pennsylvania First Program (PA First)
Pennsylvania First (PA First) is a comprehensive funding tool to facilitate increased investment and job creation within the Commonwealth.
The QJTC offers up to $9,000 of credit per net new job. The credit for each net new job is claimed over three years in annual installments of $3,000 for an eligible business.
It supports various initiatives, including:
Machinery and Equipment: Funding for machinery and equipment necessary for business operations.
Job Training: Assistance for employee training and skill development.
Infrastructure: Support for infrastructure development.
Land and Building Improvements: Financing for enhancements to land and buildings.
Environmental Assessment and Remediation: Assistance with environmental assessments and cleanup efforts.
Acquisition of Land, Buildings, and Right-of-Ways: Funding for property acquisition.
Working Capital: Support for day-to-day business operations.
Site Preparation: Assistance with site development.
