Ideas x Innovation Network Helps Chester and Delaware County Tech Startups Receive $1.21M Tax Credit Incentives


The Keystone Innovation Zone (KIZ) tax credits program is one of the largest unencumbered sources of financial support for high growth startup companies in Pennsylvania.

There are 29 KIZs in the state, including the combined Chester County and Delaware County KIZ which is run by the Ideas x Innovation Network (i2n), an initiative of the Chester County Economic Development Council.  

Through i2n, eligible companies can access up to a total of  $15 million in tax credits that are available statewide each year.  Companies awarded KIZ tax credits are able to exchange those credits for cash which help provide essential capital.

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In December 2017, 19 Chester and Delaware County companies were awarded $1,214,391 in tax credits by the PA Department of Community and Economic Development (DCED).  Since 2007:

  • 63 companies in Chester County and Delaware County have been awarded a cumulative total of $10,949,823 in KIZ tax credits
  •  i2n member companies have 
    • collectively produced 24 patents and 7 copyrights
    • created 504 new jobs
    • retained 1,172 jobs
    • expended $195,085,115 in RDT&E
    • gained $293,689,495 in leveraged funding 

Marybeth DiVincenzo, SVP at CCEDC, has observed, “The Keystone Innovation Zone Tax Credits provide tremendous support for the growth of our technology companies and advancing the innovation economy in the region. I have witnessed our i2n member companies utilizing these incentives to re-invest in their businesses, transform our economy, and grow our local workforce.” 

In addition to tax credits, i2n provides business resources to support emerging tech companies such as legal counsel, university interns, accounting, business development mentoring, networking and pitch opportunities.   

Learn more about the Keystone Innovation Zones by viewing the map online.  Discover how to tap into all of the i2n resources by contacting Marianne Stack at Join i2n at an upcoming event:

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