Pennsylvania city revitalization awards announced

(The Center Square) – On the heels of new state investment announcements in Erie, the Department of Revenue announced how much it would be returning through the City Revitalization and Improvement Zone program this year.

Three established CRIZ designees – Lancaster, Bethlehem and Tamaqua – will receive $16.2 million back in taxes to support development aimed at bringing new life to their cities.

Lancaster will see the lion’s share of the funding with over $12 million. Tamaqua and Bethlehem will each receive over $2 million dollars. Erie and Reading, new CRIZ designees, will use this year’s tax revenue as a baseline for the program with returns beginning in 2026.

“Since its inception, the CRIZ program has delivered a total of nearly $102 million to participating communities, helping them to attract development, revitalize their downtowns, and bring new jobs to their regions,” said Secretary of Revenue Pat Browne.

In the state Senate, Browne advocated for improvement zones after seeing success with similar approaches used in the Neighborhood Improvement Zone program in his home city of Allentown. He says the model is proving itself through CRIZ.

- Advertisement -

“This program is a proven model that has been a critical tool for growth in Bethlehem, Lancaster, and Tamaqua,” said Browne. “Recognizing this success, Governor Shapiro worked to reopen the program and open the door for more communities to apply. That historic step was a gamechanger for both Erie and Reading, and we’re excited to see the program support economic development in both cities.”

Past opponents of the program have questioned the wisdom of returning tax revenue in the face of a larger state fiscal imbalance. Others have argued for statewide revitalization efforts.

Erie has projected additional funding of up to $15 million annually through the program.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Spokane may centralize authority to hire, fire certain staff under council president

(The Center Square) – Citing upcoming budget adjustments, the...

Abbott, Whitmire targeting homelessness in major Texas cities

(The Center Square) – Gov. Greg Abbott and Houston...

SoFi chooses Charlotte for $3M investment expansion

(The Center Square) – Up to $2.4 million in...

Trump tells Dems to ‘stop the madness’ after three weeks of government shutdown

Despite the government shutdown dragging on for three weeks,...

WATCH: Pritzker ‘absolutely, foursquare opposed’ to Chicago mayor’s head tax

(The Center Square) – The governor of Illinois says...

Hearing on Georgia Power request draws support, concerns

(The Center Square) – The Public Service Commission faced...

Report: FEMA under Biden politically discriminated against Americans

(The Center Square) – Reports of FEMA disaster assistance...

More like this
Related

Spokane may centralize authority to hire, fire certain staff under council president

(The Center Square) – Citing upcoming budget adjustments, the...

Abbott, Whitmire targeting homelessness in major Texas cities

(The Center Square) – Gov. Greg Abbott and Houston...

SoFi chooses Charlotte for $3M investment expansion

(The Center Square) – Up to $2.4 million in...