Valley View Business Park - Scranton Plan

Valley View Business Park Creating and Conserving Economic and Environmental Value

A grand alliance is creating and preserving value in the northeast corner of Pennsylvania. A coalition of conservationists, business and government have joined to protect a globally rare habitat, to clean streams feeding the Chesapeake Bay, to reclaim abandoned mine lands and to offer fully developed business sites where recovered energy can yield significant savings for industrial users.

A partnership among The Nature Conservancy, SLIBCO (the development arm of the Greater Scranton Chamber of Commerce),Pennsylvania and the Federal Government has created the Valley View Business Park. The project is conserving 1,200 acres of globally rate habitat and reclaiming 1,300 acres of adjacent abandoned mine lands while developing advantageous sites for business.

The 1,300 acres have become the Valley View Business Park. Its development is mitigating abandoned grayfields to create one of the finest locations for light manufacturing, distribution and back office function in the United States.

The park's development has dramatically improved the water quality of the Lackawanna and Susquehanna Rivers by reclaiming strip mines, therefore reducing acid mine drainage. Methane gas is available by accessing a supply line that transports the gas ten miles from a

landfill to an adjacent cogeneration facility that produces steam and electricity for local manufacturers, This can result in as much as 30% fuel cost saving for the park's tenants. Valley View offers a variety of energy savings.

On an adjacent mountain ridge, 40 wind turbines infuse 50 megawatts of electricity into the PJM Power Grid. This is the largest wind-energy facility east of the Mississippi River.

A multiplicity of natural resources are being harnessed and renewed along scenic Route Six. Valley View Business Park is an example of what can be accomplished when public and private entities join forces to protect and utilize our resources in pursuit of quality economic growth.

A Value Proposition

222 Mulberry Street, P.O. Box 431 Scranton, PA 18501-0431

(570)342-7711 (570) 347-6262 1-800-722-5289



First impressions are everything! No matter which parcel within Valley View Business Park you choose, your employees and your clients will know you've arrived. Breathtaking vistas, fully-developed sites, tax-free status, ample labor and an increased bottom line are key to your success in today's economy.

View tomorrow's success today!

Fully-developed sites range in size from six to 104 acres.

Whether you are searching for a six acre or 104 acre site, Valley View Business Park offers a value proposition to fulfill your site selection needs.

The location provides logistical value by being strategically positioned in the center of the Boston-Washington Corridor and at the confluence of I-81, I-380 and I-84.

The park provides economic value by offering tax exemptions for eligible tenants utilizing its Keystone Opportunity Zone status. All local and state corporate taxes are exempt until 2010 or 2013. The complex is also a designated Foreign Trade Zone. Facilities located within the park can realize significant cost savings associated with duties and cost of inventory.

Sites within Valley View Business Park are fully-developed and served by all utilities. Site work and construction of a new building can begin immediately.

Valley View supplies a significant labor draw value due to its location in the most densely populated portion of Northeastern Pennsylvania. More than 460,000 people live within the traditional commuting shed of the park.

Locating in Valley View Business Park is more than a real estate decision; it's a strategic decision.

The Valley View Business Park is located on a scenic mountain ridge overlooking the Lackawanna River Valley. This locale not only affords the park tenants breathtaking views, it also provides unsurpassed logistical value. The park is strategically positioned in the center of the Boston-Washington Corridor, at the confluence of I-81, I-84 and I-380, and adjacent to US Route 6, a four-lane limited access highway.

Scranton is within a few hours driving time of the business and cultural centers

of many east coast metropolitan markets:

Allentown, PA 78 miles

Philadelphia, PA 117 miles

Newark, NJ

120 miles

New York, NY

125 miles

Harrisburg, PA 126 miles

Syracuse, NY

140 miles

Baltimore, MD 192 miles

Hartford, CT

208 miles

Washington, DC 230 miles

Boston, MA

315 miles

New York City, Philadelphia, Newark, Syracuse and Harrisburg are within a two-hour interstate drive. Boston, Baltimore and Washington, D.C. are just a few hours further-all by interstate routes. The Lincoln Tunnel and the George Washington Bridge can be reached from the park without encountering a traffic light!

The communities surrounding Valley View Business Park offer a multitude of amenities. Numerous banks, hotels, restaurants, retail shops, cultural and recreational

activities are within minutes of the complex. Sixteen colleges, universities, and technical schools, enrolling over 53,000 students are within a one-hour drive of Valley View.

Not only will Scranton's educational institutions provide you with a skilled workforce but we will also customize training programs to meet your training needs.

Colleges & Universities Lackawanna County

Johnson College Keystone College Lackawanna College Marywood University McCann School of Business and Technology Penn State University University of Scranton

Valley View Business Park offers numerous sites designated as Keystone Opportunity and Keystone Opportunity Expansion Zones.

Keystone Opportunity Zones and Keystone Opportunity Expansion Zones are defined, parcel-specific areas with no or greatly reduced tax burden for property owners and/or lessees.

KOZ's have been designated by local communities and approved by the Commonwealth of Pennsylvania. They are partnerships between state and local taxing bodies, school districts and economic development agencies.

KOZ-eligible tenants of the Valley View Business Park may be exempt from the following taxes until 2010 or 2013, depending upon the specific designation:

? Local property taxes

? Pennsylvania Corporate Net Income Tax

? Pennsylvania Capital Stock and Franchise Tax

? Sales Tax on certain construction materials, fixtures and equipment

? Insurance Premiums Tax

Scenario

Estimated Annual KOZ Savings

Retail Distribution Center 1 million sq. ft. - 500 employees $.67 to $1.4 million

Insurance Company Claims office/Financial Ctr. 100,000 sq. ft. - 300 employees $.81 to $1.4 million

Plastics Company Laminated plastics mfg. 200,000 sq. ft. - 300 employees $.16 to $.35 million

Electronics Company Consumer electronics mfg. 200,000 sq. ft. -300 employees

$.50 to $.70 million

Metal Fabrication Company Industrial metal products mfg. 100,000 sq. ft - 150 employees $.09 to $.18 million

Pharmaceutical Company Pill mfg., pkg. and distribution 200,000 sq. ft. - 500 employees $2.4 to $2.9 million

*Figures indicate yearly tax savings.

The Valley View Business Park is also a designated Foreign Trade Zone. Facilities located within the park can realize significant cost savings associated with duties and cost of inventory. Companies operating in an activated Foreign Trade Zone are able to defer, reduce and/or eliminate import duties on goods that are stored, processed, assembled, or manufactured in the Foreign Trade Zone.

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