LOCAL ECONOMIC - Scranton Plan

LOCAL ECONOMIC

REVITALIZATION TAX

ASSISTANCE (LERTA)

Lackawanna County, Pennsylvania offers many

opportunities to invest and grow your business

and real estate portfolio. The Local Economic

Revitalization Tax Assistance Program (LERTA)

offers incentives to residents, investors, developers

and business owners considering investing in new

construction or building improvements located

within the City of Scranton and surrounding areas.

ABOUT LERTA

Designed to encourage

economic development

and community growth,

the Local Economic

Revitalization Tax

Assistance Act (LERTA)

program allows local

government taxing entities

to extend a tax abatement

period to property owners.

This tax abatement is for

improvements to real estate

within the designated

LERTA area. The terms of

the abatement vary per

site, building and location.

LERTA abatements are

directed and approved by

the county, school district

and municipality in which

the real estate is located.

Greater Scranton Chamber of Commerce

LACKAWANNA COUNTY

Lackawanna County is open for business offering a multitude of

LERTA approved buildings and land sites to choose from. If you are

a resident, investor, developer or business owner looking to expand,

explore the many advantages the LERTA program has to offer.

LERTA Approved Locations

A City of Scranton

B Covington Industrial Park

C Glenmaura Corporate Center

CITY OF SCRANTON

The City of Scranton, in conjunction with the Scranton School

District and Lackawanna County, passed a LERTA abatement

on all residential, commercial and industrial properties

located within the city. LERTA approved projects will receive

a 10-Year, 100% Tax Abatement on owner improvements

to properties within the confines of the city. Tax exemption

applies to the improvements to the land or building only

and are subject to standard tax rates and terms.

City of Scranton LERTA

? 10-Year Tax Abatement

? 100% Tax Exemption

? Residential, Commercial & Industrial Properties

? All properties located within the City of Scranton are eligible

? Exemption on land and building improvements only

ABOUT THE SCRANTON PLAN

The Scranton Plan, the economic development marketing affiliate of The

Greater Scranton Chamber of Commerce, has been spearheading economic

development in Lackawanna County since 1945. Economic development

activities implemented by The Scranton Plan are built upon a platform of

business attraction, sustainment and growth. Our mission is to create and

retain jobs for Lackawanna County, Pennsylvania. With the help of two

Chamber affiliates, the Scranton Lackawanna Industrial Building Company

(SLIBCO) and the Lackawanna Industrial Fund Enterprises (LIFE), The

Scranton Plan is the driving force behind job creation and retention in

Lackawanna County. Supporting relocating and expanding businesses,

The Scranton Plan serves as your community development partner

throughout the entire site selection process.

If you are interested in finding more information about the opportunities

within the approved LERTA designation, The Scranton Plan is your one-stop

resource. Our economic development team has an inventory of available

buildings and land sites within the approved LERTA zones. Our team stands

ready to assist you with all services needed to invest, locate, expand your

business and grow your family in Greater Scranton. Contact us today to

learn more about the many LERTA opportunities.

CONTACT US

TODAY!

The Scranton Plan

222 Mulberry Street

P.O. Box 431

Scranton, PA 18501

570-342-7711



Greater Scranton Chamber of Commerce

The Electric City, Joe Shlabotnik:

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