Pennsylvania Department of Community and Economic Development Releases Program Guidelines for City Revitalization and Improvement Zones

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Earlier this year, Pennsylvania adopted legislation permitting the establishment of "City Revitalization and Improvement Zones" in select cities in the Commonwealth. Once established, certain tax payments from businesses in the zones would be funneled back into the zones in order to stimulate economic development projects within the zones. For more information on the CRIZ legislation, please see our client alert from July 2013 available here. On October 30, 2013, the Pennsylvania Department of Community and Economic Development released program guidelines to implement the law and govern the competitive application process. The guidelines detail the information that must be included in the applications, the permitted uses of CRIZ funds and the duties and responsibilities of the municipal authorities that will be appointed to manage the zones. All applications must be submitted by November 30, 2013.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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