2012 Pennsylvania Consolidated Statutes
Title 12 - COMMERCE AND TRADE
Chapter 37 - Keystone Innovation Zones
Section 3703 - Program

     § 3703.  Program.
        (a)  Establishment.--There is established a program in the
     department to be known as the Keystone Innovation Zone Program.
     The program shall provide economic assistance to KIZ companies
     for the purpose of improving and encouraging research and
     development efforts and technology commercialization efforts
     resulting in employment growth and revitalization of
     communities.
        (b)  Application.--A keystone innovation zone partnership may
     apply to the department to establish a keystone innovation zone.
     All applications must be received by July 1, 2007, be on the
     form required by the department and include and demonstrate all
     of the following:
            (1)  The KIZ coordinator's name and address.
            (2)  A statement that the applicant is a KIZ partnership
        and the identity of its members.
            (3)  The geographic boundaries of the proposed keystone
        innovation zone.
            (4)  A copy of a written strategic plan adopted by the
        KIZ partnership describing the targeted industry segments
        which the KIZ will foster.
            (5)  Any other information required by the department.
        (c)  Review and designation.--The department shall review the
     application. Upon being satisfied that all requirements have
     been met, the department may approve the application. If the
     department approves the application, the department shall
     designate the identified area as a keystone innovation zone and
     accept the organization designated as the KIZ coordinator for
     the zone.