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The Greater Oakland Keystone Innovation Zone (GOKIZ) has been expanded to include a one-mile stretch of Penn Avenue and a portion of the Hazelwood Green site. This initiative, approved by the Pennsylvania Department of Community and Economic Development, aims to support over 30 AI and tech companies in the region. The expansion is expected to enhance the growth of early-stage tech companies by providing significant tax credits.
The GOKIZ now encompasses key areas like Bakery Square, home to Google, and Liberty East, where Duolingo and Skild AI are located. The initiative also includes the development of major research facilities by Carnegie Mellon University and the University of Pittsburgh. This strategic move is anticipated to bolster Pittsburgh's position as a hub for AI and tech innovation.
• GOKIZ expansion supports over 30 AI and tech companies.
• Pennsylvania offers tech startups up to $100,000 in tax credits.
KIZ is a program that provides tax credits to support tech startups, enhancing their growth.
AI Avenue refers to the stretch of Penn Avenue promoting AI and tech development in Pittsburgh.
Venture funding involves investments in startups, crucial for companies like Skild AI to grow.
Google's regional headquarters at Bakery Square is pivotal for tech innovation in Pittsburgh.
Duolingo's presence on Penn Avenue highlights the area's significance for AI and tech startups.
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