Pallone Announces $50 Million to Boost Economic Growth in Low-Income New Jersey Communities

Congressman Frank Pallone, Jr. (NJ-06) announced a $50 million award for tax credits from the U.S. Treasury Department to New Jersey Community Capital, which is located in New Brunswick. The funds, which will be used by New Jersey Community Capital to award tax credits to investors in projects, are aimed at stimulating economic growth in low-income urban neighborhoods and rural communities.


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