M&T Bank Commits $1.2 Million to Community Revitalization Programs in Pennsylvania
Funding slotted for 42 initiatives approved for state's
The bank's commitment to support the community improvement programs is among the
The state program provides tax credits to businesses like M&T that donate capital to support the projects approved to use NAP funding for affordable housing, community services, crime prevention, education, job training, food access, blight, special population issues, veterans' initiatives or long-term community revitalization. A project can be sponsored by more than one business, and not all projects that apply for NAP funding are approved by the state.
"M&T supports the
M&T's funding is concentrated largely in the state's southeast,
The projects M&T will help support through NAP include:
$30,000for Affordable Housing Centers of Pennsylvaniato provide housing counseling services to residents of West Philadelphia, where mortgage foreclosures are up and homeownership among Black residents is down; $50,000for Diamond City Partnership, an economic development alliance working to transform downtown Wilkes-Barre; $25,000to HDC Mid-Atlantic for the ongoing development of its College Avenueaffordable housing project in Lancaster; $25,000to Kutztown Small Business Development Centerto assist entrepreneurs and small-business owners gain access to the resources and information they need to launch or grow their businesses; $10,000for Midwest Food Bankto provide food rescue and distribution to more than 137,000 hungry individuals in Central Pennsylvania; and, $50,000for WEPA Empowerment Centerto establish a bilingual community-based workforce development center in the city of Lebanon.
For more information about
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