Tax credit program aids businesses in Chester and Montgomery counties

Dated: January 24 2025

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Nearly $650,000 in funding will be provided to eight organizations in Chester and Montgomery counties as the result of a program that provides tax credits to businesses that contribute to nonprofit organizations’ efforts to revitalize communities. The Neighborhood Assistance Program’s (NAP) Charitable Food Program and Special Priorities Program will provide $34.3 million statewide to support 218 projects. The 2024-2025 state budget doubled the funding for the NAP from $36 million to $72 million, allowing for two rounds of awards. “This state funding will provide critical support to some of our communities’ most vulnerable, from financially distressed individuals struggling to meet basic needs to low-income families requiring rehab grants to stay in their homes, to at-risk students needing math and reading support so they can do well in school,” said state Rep. Joe Ciresi (D-146). A list of organizations in Southeastern Pennsylvania benefiting from the funding is available on the state website. 
Source: Daily Local; 1/14/2025

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Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

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