‘Innovate’ Tax Credit to aid PA Tech Firms

July 7, 2013 | Pittsburgh Post-Gazette by Deborah M. Todd, via philly.com

If tax credits that helped bring Batman and Jack Reacher to Pennsylvania breathed life into the state’s film industry, a similar measure included in the new 2013-14 budget could save the day for early-stage tech investments.

The Innovate in PA Tax Credit was officially signed into the tax code Sunday and will be activated once the 2013-14 budget makes it through all the necessary channels.

The credit boosts funding to Ben Franklin Technology Partners, the state-sponsored initiative that funds regional technology accelerators. It is based in Harrisburg, with Philadelphia in the southeastern regional branch, one of four…

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