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BUSINESS OWNERS > Incentive Programs

West Otterman Street Project

The Greensburg Community Development Corporation, the City of Greensburg, and our development partners offer incentive programs to recruit new business and redevelop properties within downtown Greensburg. To be eligible, projects must fall within the boundaries defined for the program and meet specific criteria.

Incentives for Commercial Property Owners

Local Economic Revitalization Tax Abatement (LERTA) Program
The LERTA program is a financial incentive designed to encourage commercial real estate development in and around the Main Street District by "freezing" property taxes at the predevelopment level for 5 years and then increasing by 20% each year after until the full taxable value is reached by year 11. To be eligible for a LERTA, the value of the building renovations, site improvements or new construction must be reviewed by the City, County, and School District prior to final approval of tax abatement. The program is administered by the City of Greensburg through an application and review process. Please contact the GCDC for an application or for additional information: 724-689-0040 or gcdc@thinkgreensburg.com.

Rehabilitation Investment Tax Credit (RITC)
The Rehabilitation Investment Tax Credit (RITC) is successful and cost-effective program for encouraging private investment in the rehabilitation of income producing, historic properties. Eligible properties include office buildings, rental housing, hotels, bed & breakfast inns, theaters, and retail stores. Since the inception of RITCs in 1976, Pennsylvania has been a national leader in certified tax credit projects, completing over 2,055 projects and generating over $3.3 billion in private reinvestment back into Pennsylvania communities.

RITCs were used as incentives for the renovation of the Palace Theatre, The Train Station and the Stark Building within Greensburg’s historic district. Greensburg’s downtown area was designated a historic district in 1995.

Certain expenses incurred in connection with rehabilitating an old building are eligible for a tax credit. RITCs are available to owners and certain long term leases of income-producing properties. There are two rates: 20% for a historic building and 10% for a non-historic building, with different qualifying criteria for each rate. Contact the GCDC for more information about the program: 724-689-0040 or gcdc@thinkgreensburg.com.

Incentives for Commercial Property and Business Owners

Facade Improvement Grant Program
The Façade Improvement Grant Program provides financial assistance to commercial property owners and business owners completing storefront or building façade improvement projects. Matching grants are available to eligible projects from the GCDC for up to 50% of the cost of façade improvements. The property needs to be located within the Main Street District to be eligible for grant assistance. Contact the GCDC for details: 724-689-0040 or gcdc@thinkgreensburg.com.

City of Greensburg Keystone Innovation Zone (KIZ)
The goal of the City of Greensburg Keystone Innovation Zone (KIZ) is to foster innovation and create entrepreneurial opportunities within the boundaries of Greensburg’s KIZ. The KIZ links start-up or new businesses (8-years or less) with a combination of entrepreneurial resources, tax incentives, and educational and internship opportunities to ensure steady growth and expansion. KIZ assistance focuses on four key areas:

  • Capital
  • Facilities
  • Technology Innovation
  • Workforce

Businesses within the following three primary industry clusters are encouraged to contact Donna Bates, KIZ Coordinator, at 724-830-3604 or dbates@egcw.org to learn more about the program.

  • Advanced Materials & Diversified Manufacturing
  • Life Sciences / Bio-Medical
  • Information Technology

Other Assistance Programs
Businesses may be eligible for other state or federal assistance programs. The GCDC can help you identify the program suitable for your project.