Gage Shares the Importance of the Educational Improvement Tax Credit Program for Businesses
Left to Right: Gwen Gage (Gage), Kristi Gage-Linderman (Gage), Terri Hill (BBEC), Bill Gage (Gage)
Gage Enterprises, Inc. is helping other businesses to understand the value of becoming part of the Educational Improvement Tax Credit Program, supporting educational initiatives and increasing support for education, training, programming, scholarships and more.
Gage announced its annual commitment to participating in the Pennsylvania Educational Improvement Tax Credit (EITC) Program, donating $20,000 to various organizations locally each year. Funds are used for education, training, programming, scholarships and more – further emphasizing the importance of supporting these important initiatives in our community.
In its most recent donation, five local organizations received EITC funding from Gage: The Berks Business Education Coalition, The Foundation for Reading Area Community College, The Wyomissing Area Education Foundation, Berks Career and Technology Center and Safe Berks.
Gage and its partners further emphasize the importance of businesses learning more about the EITC program and supporting educational initiatives, and how it helps to create value for all involved.
Terri Hill, Executive Director of the BBEC shares, “The Berks Business Education Coalition (BBEC) and many other organizations that supply supplemental programming for our schools would not be able to do our work without the support of our local businesses through Pennsylvania’s Educational Improvement Tax Credit (EITC). This program is a win-win for both education and business. Approved nonprofits receive funding and the businesses can reduce their tax liability. The mission of the BBEC is to bring business resources to education to better prepare our students for their life after graduation. We are grateful for all the businesses that help us provide these services through EITC donations.”
Tony DeMarco, Executive Director of the Foundation for RACC shares, “RACC is grateful to have Community leaders like Gage support our EITC program for Dual Enrollment in our high schools. Highly motivated students can begin to take college courses and earn credits that will transfer to just about any college or university in the country. The team at Gage understands the spiraling costs of Higher Education and want to help those Berks County families trying fund college tuition for their children.”
Businesses can learn more by reaching out to the Commonwealth of Pennsylvania, who created the EITC Program to stimulate giving to innovative educational organizations. Qualified businesses can earn significant tax credits equal to 75% – 90% of its contributions to approved Educational Improvement Organizations.
Pennsylvania businesses can begin applying for EITC credits through DCED’s electronic single application system online, or by calling the DCED at 866-466-3972.
