New Jersey Community Capital Pledged $50,000 to Nonprofits in 5 Cities

oday New Jersey Community Capital, a leading national community development financial institution, committed $50,000 to nonprofits chosen by mayors and a county leader who are deeply committed to furthering formative economic impact efforts in their respective communities. Each leader will have $10,000 to award to a local nonprofit doing groundbreaking work. NJCC awards the grants at the close of Black History Month annually to mark the commemoration's focus on creating economic equity for divested populations.

This year, NJCC's grants will go to nonprofits chosen by the mayors of Dallas, Texas, New York City, New York and Newark and New Brunswick, New Jersey, and the economic opportunity director of Los Angeles County. Supporting nonprofits in urban communities throughout the nation is in keeping with NJCC's goal to foster sustainable economic development and wealth creation in overlooked communities from coast to coast.

"These grants achieve several of our objectives," NJCC President and CEO Bernel Hall said. "First, it champions the principles behind Black History Month and underscores NJCC's dedication to creating social and economic parity. By contributing to initiatives important to the leaders of these municipalities, we are supporting their efforts to create thriving, equitable communities.

"Our second objective is to support projects that can benefit from our unique, expansive initiatives. We've been extremely effective because our programs are both entrepreneurial and augmentative," explained Hall. This is especially relevant today given our nation's dire need for more affordable housing, small business expansion and high-quality school systems."