4 Valley firms get $100,000 tax credits

By Stacy Wescoe
  January 30. 2013 10:00AM - Last modified: January 30. 2013 10:14AM

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Bethlehem's EcoTech Marine was among nearly 180 companies awarded state tax credits for technology development.


The Department of Community and Economic Development approved nearly $13.7 million through the Keystone Innovation Zone Tax credits.

EcoTech Marine received a $100,000 tax credit.

"Our first tax credits helped us overcome a negative cash-flow situation early on giving us enough breathing room to grow and meet customer demand," said Patrick Clasen , co-founder of EcoTech Marine. "Our second tax credit funded the production inventory for our new product line. The KIZ Tax Credit program has enabled EcoTech to become a viable and successful leader in our industry."

Three other Bethlehem firms, Saladax Biomedical Inc., Viddler Inc. and CDG Environmental also each received $100,000 tax credits.

Liquid Interactive LLC of Breingsville also received a $100,000 tax credit.

Tax credits provide for the award of up to $25 million annually. To be eligible, companies must be: a for-profit company that operates within the boundaries of a Ben Franklin Technology Development Authority-approved KIZ; less than eight-years-old; and operate within one or more of the target industry sectors including, technology, bio and life-sciences, information systems and technology, advanced manufacturing, defense, energy, agriculture and food processing.


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