Mayor Kenney announces expansion of "Innovation Zone"

OLD CITY (WPVI) -- The growing tech community in Old City will now be included in the University City Keystone Innovation Zone.

Mayor Jim Kenny says the zone now includes the start-up companies along north third street.

That means they now have access to up to 100 thousand dollars in sellable tax credits per year.

Businesses can use that money to hire more people or advance their technology.

The city is trying to attract, and keep, more companies in their early stages.