Keystone Innovation Zone

Support for start-up companies

The Greater Reading KIZ is managed by the Greater Reading Chamber of Commerce and Industry (GRCCI) and receives direction from the KIZ Partnership Advisory Committee (KIZPAC). The program provides a package of business services that utilize and leverage university and college assets to support start-up and early-stage businesses within the KIZ focus target industries and the designated KIZ geography.

To be eligible for KIZ assistance, a company must meet the following criteria:

A for-profit company
Incorporated within 8 years of the date of approved funding for this application
Located within the geographic boundaries of the Greater Reading KIZ
Provide products or services that fall into the Advanced Materials and Diversified Manufacturing, Business Services, High Technology, or Life Sciences industries.
Unique technology

Economic Impact of Greater Reading KIZ

Activity from July 1, 2009 to December 31, 2009

7 active KIZ companies
55 jobs
$13 million in combined revenue
$2.6 million in payroll
$2.3 million new revenue
12 companies assisted
3 jobs created, 22 jobs retained
4 patents files, 2 patents awarded
3 new products introduced
$172,000 in research and development expenditures
$1 million in leveraged third party loans