PENNSYLVANIA — Secretary of Revenue Pat Browne announced that nearly $17 million will be returned to three communities participating in the City Revitalization and Improvement Zone (CRIZ) program. This funding will go to:
- Bethlehem — $2,721,809.71
- Lancaster — $12,678,686.88
- Tamaqua, Schuylkill County — $1,596,307.50
“This program is generating critical economic growth right in Pennsylvanians’ backyards,” Secretary Browne said. “In the decade that this program has existed, we are seeing encouraging results from the investments that have been made in the participating communities.”
The funding being returned is based off the period from January 1, 2022, to December 31, 2022. The CRIZ program functions by capturing state and local taxes that are returned to a designated zone up to 130 acres for the purpose of improvement and development. Overall, the CRIZ program has delivered a total of more than $70.2 million since its inception in 2013, spurring new growth in cities and reviving struggling areas while creating jobs.
Below is a full breakdown of the CRIZ funding certified by the Department of Revenue for the period running from January 1, 2022 to December 31, 2022.
City of Bethlehem: The 2022 revenue that will be paid to the CRIZ in Bethlehem is $2,721,809.71.
- The payment is attributable to $1,130,830.56 in state taxes remitted by 14 new businesses within the program, as well as $97,803.31 in incremental growth from 16 existing businesses, and $1,493,175.84 from 72 construction contractors.
- Of the 124 businesses in the zone, 103 required reports were filed.
City of Lancaster: The 2022 revenue that will be paid to the CRIZ in Lancaster is $12,678,686.88.
- The payment is attributable to $2,010,213.11 in state taxes remitted by 130 new businesses within the program, as well as $10,523,960.57 from 271 existing businesses, and $144,513.20 from 35 construction contractors.
- Of the 551 businesses in the zone, 467 required reports were filed.
Borough of Tamaqua: The 2022 revenue that will be paid to the CRIZ in Tamaqua, Schuylkill County is $1,596,307.50.
- The payment is attributable to $835,904.17 in state taxes remitted by 39 new businesses within the program, as well as $748,715.46 in incremental growth from 129 existing businesses, and $11,687.87 from eight construction contractors.
- Of the 235 businesses in the zone, 187 required reports were filed.
The CRIZ program is administered by the Department of Revenue, the Department of Community and Economic Development (DCED), and the Governor’s Budget Office.
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