HARRISBURG – Continuing efforts to restore Pennsylvania’s economic vitality, the Senate today approved legislation to spur job growth in and around airports across the commonwealth, said Sen. Dan Laughlin (R-49).
Senate Bill 562 creates the Airport Land Development Zone (ALDZ) program, providing tax credits to employers that make a significant new investment by expanding operations and creating new jobs.
Pennsylvania airports provided nearly 323,000 jobs and $28.5 billion in economic activity in 2019, according to the Pennsylvania Department of Transportation. However, airports have seen revenues drop by an estimated 57% due to the COVID-19 pandemic.
Under the legislation, industrial and commercial employers locating in an ALDZ could receive an annual tax credit of $2,100 for each new job they create in Pennsylvania for 10 years. The tax credit is structured like that of the Keystone Special Development Zone program (KSDZ).
“I’m proud to have supported this legislation as it will provide new opportunities for airports, such as Erie International Airport and Thermal G Ranch Gliderport, as well as the regions in which they’re located,” Sen. Laughlin said.
Passage of Senate Bill 562 is the latest in a series of Senate votes aimed at moving Pennsylvania from pandemic to recovery. Earlier this week, the Senate acted to increase public-private partnerships and enhance employment opportunities. Last month, the Senate approved two measures making it easier for small business employers to remain competitive and create jobs. Senate Bill 562 will be sent to the House of Representatives for consideration.
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