Lee: State to invest $455,450 in local projects, nonprofits
Tax credits provide boost when funding sorely needed due to COVID
PITTSBURGH, Dec. 8 – At a time of great economic uncertainty, state Rep. Summer Lee, D-Allegheny, today is thrilled to announce that the state will invest more than $455,000 in local nonprofits, community initiatives, projects and programs through a state tax credit program.
“Many of these organizations and nonprofits directly serve their communities, whether its through food distribution, housing, commercial redevelopment or educational programs,” Lee said. “During these tough economic times, I know how thinly they are stretched, and how they have stepped up to help their neighbors during this crisis. But this also represents a long-term investment in communities which for decades have been left on their own and will encourage additional private investment as well.”
By providing tax credits to businesses that donate capital, the Neighborhood Assistance Program encourages private sector investment into communities to support projects that address neighborhood and community problems.
Locally, programs funded included:
- Hazelwood Initiative, $240,000 -- Housing and commercial redevelopment.
- Mon Valley Initiative, $160,000 – Residential stabilization program in Braddock.
- Center of Life, Hazelwood, $27,500 – Food delivery, educational services, creation of community learning hub for youth.
- Enterprise Zone Corp of Braddock, $20,350 – Business development through revolving enterprise loan program.
- Community Kitchen, Hazelwood, $7,600 – Meal distribution, support services.
For a full list of programs and projects in southwestern Pennsylvania, follow this link.