Frankel: More than $126,000 in tax credits awarded to spur investment in community programs
PITTSBURGH, Nov. 21 – Three organizations in the 23rd Legislative District have been awarded $126,250 in tax credits to spur investment in community projects, state Rep. Dan Frankel, D-Allegheny, announced today.
“Tax credits can offer critical support for key community projects by drawing needed investments,” Frankel said. “I’m excited that these newly awarded credits will support programs that offer hope for residents and families and new opportunities for marginalized businesses and job seekers.”
Frankel said the funding includes:
- $71,250 in tax credits to InnovatePGH Partnership Pittsburgh to support projects aimed at improving equality and access to Oakland’s business and innovation district, with an emphasis on helping diverse and marginalized entrepreneurs and job seekers.
- $41,250 in tax credits to the Aleph Institute to support the Shifra program, which helps families in need through an afterschool program, a motherhood center, and a food shed.
- $13,750 in tax credits to the Friendship Circle of Pittsburgh Inc. to help support The Beacon – a program that aims to engage 300-500 teens in activities that promote mental health and wellness skills.
In addition, more than $1.3 million in tax credits was awarded to Greater Pittsburgh Community Food Bank, which distributes food to residents in Allegheny County and 10 other counties.
The funding is part of a package of tax credits approved through the Department of Community and Economic Development’s Neighborhood Assistance Program. More information about the funding is available here: https://dced.pa.gov/newsroom/shapiro-administration-approves-36-million-in-tax-credits-to-businesses-encouraging-them-to-contribute-to-local-nonprofit-organizations-strengthening-neighborhoods-and-communities-across-the-common/.