(a) Implementation grant.--The department may provide a one-time $250,000 grant to a keystone opportunity zone or a one-time $200,000 grant to a keystone opportunity expansion zone to implement the opportunity plan and to provide an annual update of real property ownership and other information to the Department of Revenue. The annual update shall describe progress on all proposals required as part of the opportunity plan and other information as required by the department. A separate application must be submitted to the department outlining a budget and implementation narrative. The grant shall be drawn down as needed over a period not to exceed the first five years of authorization as a keystone opportunity zone or keystone opportunity expansion zone. Grant funds shall be provided from the housing and redevelopment appropriations. Grant recipients shall comply with the provisions of the appropriation.

(b) Reduced interest.--Projects in keystone opportunity zones or keystone opportunity expansion zones that are approved for Pennsylvania Industrial Development Authority (PIDA) or Small Business First financing shall receive the lowest interest rate extended to borrowers.

(c) Priority consideration.--Projects in keystone opportunity zones or keystone opportunity expansion zones shall receive priority consideration for State assistance under State economic, community and economic development programs and community building initiatives.

(d) Marketing.--The department shall develop and implement a consolidated marketing strategy for the keystone opportunity zones or keystone opportunity expansion zones for use in job retention and attraction activities.

(e) Education.--The Department of Education shall provide technical assistance to school districts located in or school districts having parts of their districts located in subzones or expansion subzones.

(f) Local governments.--The Center for Local Government Services in the department shall provide technical assistance to political subdivisions relating to taxation, implementation of the opportunity plan, establishing annual benchmarks and annual reporting requirements to the departments. Additionally, the Center for Local Government Services shall provide political subdivisions with property designated a subzone or expansion subzone with technical assistance to encourage the implementation of best practices in achieving efficient and effective local government administration and shall coordinate activities with other departments and agencies providing various assistance to communities.

(g) Community-based organizations.--The department shall provide technical assistance for capacity building of existing community-based organizations dealing with socioeconomic needs, housing assistance and job training in the keystone opportunity zone or keystone opportunity expansion zone.