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West Philadelphia Chosen as “Promise Zone” for Federal Community Development Program people

Jan. 10, 2014 1:38 pm

West Philadelphia Chosen as “Promise Zone” for Federal Community Development Program

Kiara Molina, a ninth-grader at Harlem Children’s Zone Promise Academy, introduces President Obama. (Image via @Michael_Nutter) President Obama announced that a large segment of West Philadelphia will be designated as one of five “Promise Zones” in low-income communities throughout the country. Mayor Nutter and Eva Gladstein, head of the Office Community Empowerment and Opportunity (CEO), were in […]
Supporters of New Market Tax Credit Program Hope for Extension results

Jan. 9, 2014 1:42 pm

Supporters of New Market Tax Credit Program Hope for Extension

The Karabots Pediatric Care Center in W. Philadelphia used NMTCs to draw investment New Market Tax Credits, established by the Community Renewal Tax Relief Act of 2000, are in danger of drying up if Congress decides not to extend the federal program. Legislation was introduced to make the credit permanent, but a push to cut […]