Keystone Opportunity Zones (KOZ) and Keystone Opportunity Expansion Zones (KOEZ) are designated areas or zones within Pennsylvania that have greatly reduced or completely abated taxes for periods of up to 10 years. The KOZ and KOEZ programs are among the nation’s boldest and most aggressive economic development programs and includes taxes such as real estate; corporate net income; capital stock and franchise, sales and more….
Because the KOZs and KOEZs are virtually tax-free, this allows businesses to invest more of their financial resources in business operations. Businesses that operate in KOZs and KOEZs are also given priority for various state and local community building assistance programs. Armstrong County has over 140 acres available in five designated KOZs/KOEZs.