(HARRISBURG) – Senate Majority Leader Kim Ward (R-39) today helped advance legislation to spur job growth among airports across the Commonwealth with the passage of Senate Bill 562 the Airport Land Development Zone (ALDZ) program.
“A top priority for me as Senate Majority Leader is to help lead Pennsylvania’s economic recovery as we manage out of the COVID-19 pandemic,” said Senator Kim Ward. “Pennsylvania Airports are a strong economic indicator for the Commonwealth creating 323,000 jobs while providing $28.5 billion in economic activity in 2019. During the COVID-19 pandemic, the Pennsylvania Department of Transportation reported that airports across the Commonwealth experienced an estimated 57 percent drop in revenue. This commonsense legislation will help reverse this trend and puts us one step closer to getting our state’s economy back on track.”
Sponsored by Sen. Mario Scavello (R-40) and Senate Transportation Committee Chair Wayne Langerholc Jr. (R-35), Senate Bill 562 creates the Airport Land Development Zone program (ALDZ). This program provides tax credits to employers that make significant new investments by expanding operations and creating new jobs.
“This legislation will be an important part of the airports moving forward in today’s environment,” said Gabe Monzo, Executive Director, Westmoreland County Airport Authority. “We thank all the of the sponsors of the legislation and for Majority Leader Kim Wards leadership in bringing it fruition.”
Under the legislation, industrial and commercial employers locating in an ALDZ could receive a $2,100 per job tax credit for each new job they create in Pennsylvania, each year for 10 years. The tax credit is structured like that of the Keystone Special Development Zone program (KSDZ).
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.
Senate Bill 562 heads to the House of Representatives for consideration.
Contact: Erica Clayton Wright, firstname.lastname@example.org, (412) 334-4856