Incentives for your business.
Incentives are Vital.
Develop Tioga realizes the vital role incentives play in driving business development and growth. We work to connect businesses with tax reductions, technical assistance, grants, and access to resources, to create an environment that encourages development and entrepreneurial spirit.
Support & Success.
Tioga County's business incentives aim to create a supportive environment for businesses, foster economic growth, and enhance the overall quality of life in the area. Whether through tax incentives, financial support, workforce development, or infrastructure improvements, Develop Tioga is dedicated to helping businesses thrive and succeed. Contact us to discuss your plans and incentives that may assist you.
GROWTH & DEVELOPMENT.
Tioga County, PA is an ideal location for businesses looking to establish or expand their operations. With its strategic location, workforce development efforts, and favorable business environment, Tioga County offers a range of incentives to attract and support businesses.
Helping Businesses Succeed.
incentives.
Tax Incentives.
One of the key incentives for businesses in Tioga County is
the favorable tax environment. Pennsylvania and the County, as well as certain municipalities, offer tax incentives aimed at attracting and retaining businesses.
These incentives include:
1. Local Tax Abatements: Tioga County partners with local municipalities and school districts to offer local tax abatements, providing temporary relief from certain taxes. These abatements are offered to businesses to assist in economic benefits to the area, such as job creation or capital investment.
2.. State Tax Credits: Tioga County businesses may also be eligible for various state tax credits, such as the Job Creation Tax Credit. These credits help businesses reduce their tax liability and encourage innovation and job growth.
Financial Support.
In addition to tax incentives, Develop Tioga offers a range of financial support programs to assist businesses with funding their growth or expansion efforts.
Some of these programs include:
1. Tioga County Revolving Loan Funds: Develop Tioga provides low-interest loans to businesses for capital investments, equipment purchases, and working capital needs. The program aims to support small- to medium-sized enterprises in Tioga County, helping them create jobs and foster economic development.
2. Pennsylvania Industrial Development Authority (PIDA) Financing: Businesses in Tioga County may be eligible to access low-interest loans and loan guarantees through the Pennsylvania Industrial Development Authority. These funds can be used for land and building acquisition, construction or renovation, machinery and equipment purchases, and working capital.
3. Business Expansion Assistance: Develop Tioga provides assistance to local businesses seeking to expand their operations. This assistance may include business planning consultations, low-interest financing, access to grants information, technical assistance, market research, and workforce development programs.
INfrastructure Support
To ensure businesses have the necessary infrastructure for their operations, Tioga County is committed to the development and continuous enhancements of key infrastructure.
This includes:
1. Transportation and Logistics: Tioga County has a well-connected transportation network, including major highways, railways, and airports. These transportation options provide businesses with efficient access to regional and national markets.
2. Broadband and Telecommunications: Tioga County is committed to improving broadband and telecommunications infrastructure to meet the growing needs of businesses. Efforts by providers are being made to expand high-speed internet access countywide, ensuring reliable connectivity for businesses operating within the region.
Workforce Development.
Tioga County recognizes the importance of a skilled and trained workforce in attracting and supporting businesses. To facilitate the growth of businesses, the county offers workforce development initiatives, including:
1. Customized Job Training: Develop Tioga partners with educational institutions and training providers to offer customized job training programs. These programs are tailored to specific industry needs and equip workers with the skills necessary to meet the demands of local businesses.
2. Internship and Apprenticeship Programs: Develop Tioga promotes internships and apprenticeships to bridge the gap between education and workforce readiness. By collaborating with local businesses, educational institutions, and workforce organizations, Develop Tioga aims to provide hands-on training opportunities to students and job seekers.