Isaacson announces $55,000 in state tax credits to help enhance Philadelphia Rail Park
HARRISBURG, Nov. 19 – State Rep. Mary Isaacson today announced $55,000 in state tax credits for the Friends of the Rail Park to help in their ongoing efforts to enhance the quality of the Philadelphia Rail Park and its surrounding neighborhoods.
“The 3-mile Rail Park project not only transformed a vacant area into a beautiful outdoor space from which all of our neighbors can benefit, but it’s also helping revive the area for long-time residents, small-business owners and Philadelphians across the city,” said Isaacson, D-Phila. “I am proud to work with The Friends of the Rail Park to remove blight, strengthen the quality of life for our residents and move this revitalization project forward.”
The tax credit was awarded through the Neighborhood Assistance Program, or NAP, which is administered by the Pennsylvania Department of Community and Economic Development. It’s intended to encourage businesses to invest in projects which improve distressed areas or support neighborhood conservation.
For more information about the NAP funding, visit the DCED site online.