The City of St. Marys, in association with the St. Marys Area School District and Elk County, has designated four industrial parks as Keystone Opportunity Zones (KOZ). A Pennsylvania KOZ is a geographic area designated by local governments and approved by the State as virtually tax free. A KOZ will be given priority consideration under various state community building assistance programs. The State and local communities would issue credits, exemptions, abatements, or deductions to reduce taxes (listed below) to virtually zero for areas designated as KOZ.