Innovate in Pennsylvania en Corbett Launches Innovate in PA <p>A room full of politicians, entrepreneurs and robots - this was the scene Thursday at the Innovation Works AlphaLab as Governor Tom Corbett announced the launch of Innovate in PA.</p><p>With the program, the commonwealth will auction $100 million in deferred tax credits to insurance companies.</p><p>These companies will then use the credits to raise funds that will go towards start up technology-related businesses - the Ben Franklin Technology Development Partners, three Life Sciences Greenhouses and the Venture Capital Investment program.</p> Thu, 26 Sep 2013 18:41:51 +0000 Jessica Nath 17218 at PA to Use Tax Credits to Spark High Tech Start Ups <p>Established, financially successful companies are looking to reduce their tax liability. Nascent tech firms are looking for an infusion of capital to jump start them. A new program that’s included in Pennsylvania’s tax code, signed this week by Gov. Tom Corbett, aims to accomplish both.</p><p>“Innovate in Pennsylvania,” sponsored by State Senator John Blake (D-Lackawanna), allows the commonwealth to auction $100 million in tax credits to insurance companies that will then use those credits to trim their tax liability in the future.</p> Fri, 12 Jul 2013 19:07:17 +0000 Kevin Gavin 13006 at