Gov. Wolf Building, Simon Silk Mill Among 15 Easton Properties Getting Boost From State

English: Skyline of Easton, PA from Lafayette ...

English: Skyline of Easton, PA from Lafayette College (Photo credit: Wikipedia)

Fifteen Easton properties, including the Gov. Wolf Building and Simon Silk Mill, are among those approved for state tax incentives aimed at getting the properties redeveloped, officials announced this afternoon.

The Lehigh Valley Economic Development Corp. said the properties have been granted Keystone Opportunity Expansion Zone status, meaning they’d be exempt from state and local taxes for a decade.

In addition to the Easton properties, the long-abandoned Dixie Cup factory in Wilson Borough also qualified for the status, the LVEDC says in a news release.

The designation marks a significant victory for local officials and developers who have been trying to get new, and in some cases ambitious, projects off the ground.

Read more: http://www.lehighvalleylive.com/easton/index.ssf/2013/12/governor_wolf_buiding_simon_si.html

Advertisements