Pennsylvania offers a variety of tax incentives, credits and programs to eligible Pennsylvania residents and businesses. These tax credits, economic development programs refund/rebate opportunities and incentive programs provide economic assistance and tax reductions to individual and business taxpayers. The major industries that contributed the most to Pennsylvania’s gross domestic product (GDP) in 2022 were finance, professional services, manufacturing, social services (i.e. health and education), and government. Looking at more specific industries, among those that accounted for at least one percent of Pennsylvania’s GDP in 2021, broadcasting and telecommunications produced far more for the state than for the nation, contributing 3.9 percent to Pennsylvania’s GDP and 2.1 percent to the nation’s. Other industries that overperformed in Pennsylvania relative to national averages in 2021 were management of companies, education, chemical manufacturing, and ambulatory health care services.
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.