Jennings had received the blessing of Pennsylvania's Department of Community and Economic Development (DCED),and Secretary Dennis Davin will make it official in a news conference on Thursday, 1:30 pm, at Bangor Trust Brewing.
Though we commonly associate poverty in the Lehigh Valley with the cities, this is also a serious problem in our older boroughs, where the rag mills and quarries are extinct. In Pen Argyl (population 3,500), 12.2% of the population lives below the poverty level. It's pretty much the same with the populations in Bangor (10.4% of 5,200), Portland (13.7% of 500) and Wind Gap (9% of 2,700).
How will a Neighborhood Partnership Program (NPP) help? It is a tax credit program offered by the state DCED.
Here's how it works. A business making a contribution of at least $50,000 per year for five years can get a state tax credit of up to 80%. This, coupled with a federal charitable deduction, means that it only loses 13 cents on every dollar contributed.
|A Portland hot tub|