WILKES-BARRE — The state has a new economic development tool with the city’s name on it.
In truth, the City Revitalization and Improvement Zone program applies to seven other third-class cities and Delaware County, the applicant for the city of Chester. The program is included in a tax-reform package signed into law last July by Gov. Tom Corbett.
The program allows the eligible cities to use tax money generated in designated zones to pay down the debt taken on for job creation and economic-development projects.
Drew McLaughlin, Wilkes-Barre’s municipal affairs manager, said the city has been researching the CRIZ program for a while.