N.J. Community Capital Commits $50,000 to Nonprofits

For the second consecutive year, New Jersey Community Capital is committing $50,000 to support nonprofits in traditionally underserved areas during Black History Month.

NJCC, based in Newark, is a leading nonprofit community development financial institution — better known as a CDFI — that is specifically giving grants to five cities: Newark, Paterson, Atlantic City, Philadelphia and Syracuse, New York..

This is in keeping with NJCC’s goal to foster sustainable economic development and wealth creation in underserved communities beyond New Jersey’s borders. .

“Echoing the principles championed by Dr. Martin Luther King Jr., the $50,000 pledge is a testament to NJCC’s dedication to social and economic justice,” NJCC CEO Bernel Hall said. “NJCC aims to contribute to thriving, equitable communities by supporting the initiatives and leaders of these cities.”