CSRJun 17, 2026, 08:01 AM
Provident Bank Awards $1M to 10 Non-Profits via NRTC Program
AI Summary
Provident Bank announced it has awarded $1 million in funding to ten non-profit organizations through the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit (NRTC) Program for fiscal year 2026. This funding will enable the non-profits to implement revitalization plans focused on housing, economic development, job training, and complementary activities in various New Jersey neighborhoods. The bank emphasized its commitment to strengthening communities and expanding economic opportunities across the markets it serves.
Key Highlights
- Provident Bank awarded $1 million in funding to non-profit organizations.
- Funding was distributed to ten non-profit organizations.
- The initiative is part of the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit (NRTC) Program for fiscal year 2026.
- Funds will support revitalization plans for housing, economic development, and job training.
- The program aims to improve quality of life and expand economic opportunity in New Jersey neighborhoods.
- Corporations contributing to the NRTC Program receive a 100% tax credit against various New Jersey state taxes.
Price Impact
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