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:
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.
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.