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.
Click here to access forms for the programs explained below.
Incentives for Commercial Property Owners
Local Economic Revitalization Tax Abatement (LERTA) Program
LERTA stands for Local Economic Revitalization Tax Assistance. The LERTA Program allows local taxing authorities (The City of Greensburg, Greensburg Salem School District, and Westmoreland County) to provide real estate tax incentives for new businesses and for the expansion of existing businesses.
In addition, the LERTA Program:
- Provides an incentive to encourage investment
- Creates a Greensburg Revitalization Fund (G-Fund)
- Removes/Renovates tired commercial and residential properties
- Increases property values
- Increases lease rates
- Provides new storefronts for businesses to lease
The LERTA Program assists commercial property owners by exempting a portion of the difference between the old and new assessed values of the improvement to a property for a period of ten years. At the 11th year, the property is taxed at 100% of the new assessed value. Thus, Property owners will realize an exemption of 25% of taxes over the ten year life of the program.
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 email@example.com.
Incentives for Commercial Property and Business Owners
Facade Improvement Grant Program
City of Greensburg Keystone Innovation Zone (KIZ)
- Technology Innovation
- Advanced Materials & Diversified Manufacturing
- Life Sciences / Bio-Medical
- Information Technology