Please ensure Javascript is enabled for purposes of website accessibility Matzie: Nearly $900,000 in tax credits awarded to support Beaver County commercial, residential projects

Matzie: Nearly $900,000 in tax credits awarded to support Beaver County commercial, residential projects

AMBRIDGE, Dec. 17 – Nearly $900,000 in new tax credits have been awarded to leverage investments in commercial and residential projects in the 16th Legislative District, state Rep. Rob Matzie announced today.

Matzie, who is chairman of the House Majority Caucus, said the tax credits will boost economic development and create jobs.

“Our local business and industry partners can be powerful drivers of change, particularly with incentives like tax credits to encourage investment in new projects,” Matzie said. “The nearly $900,000 in tax credits we secured will go to work leveraging investments in projects to grow our downtown, create new commercial and residential space, and bring new business – and jobs – to our community.”

Matzie said the following credits were awarded:

  • $500,000 in tax credits to Center Township’s Chocolate Boutique to leverage investments in a project to build a facility at 3421 Brodhead Road that will consolidate manufacturing and warehousing operations and will also feature a retail storefront with a drive-through. The project will create 35 jobs.
  • $216,124 in tax credits to BIL Holdings LLC to leverage investments in a project to renovate 1133 Pennsylvania Ave. in Monaca into a mixed-use building that will include retail space on the first floor and apartments on the top two floors by upgrading bathrooms, kitchens and electrical systems.
  • $159,675 in tax credits to Rochester Innovation Works LLC to leverage investments in a project by Neomek & Aris Technology to renovate a 10,000+ square-foot building at 704 California Ave. in Rochester Township. The facility will be the company’s first Pennsylvania location, will create three to eight jobs and will upgrade the industrial space for innovation and business.

The tax credits were awarded under the Enterprise Zone Program, which is a component of the Neighborhood Assistance Program, administered by the state Department of Community and Economic Development. More about the program is available here: https://dced.pa.gov/programs/neighborhood-assistance-enterprise-zone-tax-credit-napezp/.

More about the awards is available here:
https://dced.pa.gov/newsroom/shapiro-administration-invests-70-million-to-support-405-projects-statewide-that-will-help-revitalize-communities-and-improve-quality-of-life-for-pennsylvanians/.