Bethlehem, December, 28, 2017— State Sen. Lisa M. Boscola today announced that Pennsylvania has awarded $442,158 in tax credits to 11 early stage, technology oriented businesses located in the South Bethlehem Keystone Innovation Zone (KIZ).
- Cryoconcepts, LP $79,905
- Bonn Place Brewing, Inc $46,199
- NeatCap Medical LLC $22,693
- NextShift, LLC $79,905
- viihealth, Inc $79,905
- InnovForm Therapeutics LLC $ 6,762
- Dynaccess LTD $59,268
- MindMe, Inc $26,368
- Map Decisions LLC $ 4,664
- Soltech Solutions LLC $ 7,937
- Hatch Labs LLC $28,552
“The Southside Bethlehem KIZ has been a tremendous asset to the Lehigh Valley through the promotion of technology based early start-up companies since its creation in 2004,” Boscola said. “These tax credits will allow these 11 businesses located in South Bethlehem to continue to develop new technologies, new products and create new jobs that will lead to further economic growth in our Commonwealth.”
Since its inception, the KIZ has invested over $7 million in South Bethlehem that have yielded over 400 new jobs, 117 patents and an increase in revenue of $66 million.
The Southside Bethlehem KIZ was first designated by the Commonwealth in 2004 and is a partnership between Lehigh University, Northampton Community College, Ben Franklin Tech Ventures, the City of Bethlehem and many other Southside entities.