To strengthen Pennsylvania as a national leader for technology development and innovation, Governor Tom Corbett announced the award of more than $17 million in tax credits to more than 200 Pennsylvania start-up companies to support new growth, investment, and job creation. Five companies with headquarters at The Navy Yard are recipients of the Keystone Innovation Zone (KIZ) Tax Credit program, including Building 22 Metalworks, LLC, Iroko Intermediate Holdings, Inc., LUXTECH LLC, Rhoads Marine Industries, Inc., and ZSX Medical, LLC. Read more
The groundbreaking ceremony for the Energy Efficient Buildings Hub (EEB Hub) took place on April 24th to celebrate the development of two new buildings at The Navy Yard. With support from the Commonwealth of Pennsylvania and the U.S. Economic Development Administration, Penn State University is developing two buildings to advance the EEB Hub’s unique dual mission– reducing regional energy use in existing commercial buildings by 20% by 2020 with cost-effective solutions, and promoting regional economic growth and job creation. Special guests Governor Corbett, Mayor Nutter, Penn State president Rodney A. Erickson, and Kathleen Hogan, deputy assistant secretary of the U.S. Department of Energy (DOE), attended the celebration.