Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8903-F. Program

(a) Establishment.--There is established a program in the department to be known as the Keystone Innovation Zone Program.  The program shall provide economic assistance to KIZ companies for the purpose of improving and encouraging research and development efforts and technology commercialization efforts resulting in employment growth and revitalization of communities.

(b) Application.--A keystone innovation zone partnership may apply to the department to establish a KIZ.  All applications must be received by July 1, 2007, be on the form required by the department and include and demonstrate all of the following:

(c) Review and designation.--The department shall review the application.  Upon being satisfied that all requirements have been met, the department may approve the application.  If the department approves the application, the department shall designate the identified area as a KIZ and accept the organization designated as the KIZ coordinator for the zone.