– Centre County state Rep. Scott Conklin announced the state Department of Community and Economic Development has designated the former Philipsburg Area Hospital site as a Keystone Opportunity Expansion Zone in Pennsylvania."What this does is open the door to the possibility of attracting future development at this site," Conklin said. "Keystone Opportunity Zones are geographic areas that stand to provide certain state and local tax benefits. The goal of the program is to revive economically distressed areas with one of the most powerful market-based incentives – eliminating taxes."
In February, Conklin helped pass legislation to allow unoccupied properties within KOZs and KOEZs to be extended for an additional 10 years past their 2013 expiration date. Under the law, zone incentives will be available until Dec. 31, 2022.
Conklin added KOEZs help develop Pennsylvania’s abandoned, unused, underutilized land and buildings into business districts through a partnership between state and local government in collaboration with the departments of Community and Economic Development, Revenue and Labor and Industry. Zones are designated by the local communities and approved by the state.
"This local designation was made possible through the efforts of Rush Township and Centre County officials and the Philipsburg-Osceola School District," said Conklin. "As we look ahead, the goal is to create a bright future for this property and an opportunity for new jobs."