Does your business pay taxes in New Jersey? New Jersey’s Neighborhood Revitalization Tax Credit (NTRC) Program, through the state’s Department of Community Affairs, provides a terrific opportunity for corporations and businesses to support projects that enrich and enhance our local communities AND offset their state tax liabilities through the purchase of tax credits. Through the NRTC program, companies (including LLC’s, S-Corps, and Partnerships) that have a tax liability in New Jersey of $25,000 or more can purchase dollar-for-dollar tax credits up to $1,000,000, and direct those credits to invest in State-approved community development projects led by Norwescap and other NJ nonprofits.
Norwescap will be running projects in Phillipsburg and Sussex Borough in 2023. Your investment will bring exponential impact to these communities! The process to purchase tax credits is quick and simple.
The NRTC 2023 cycle is now OPEN FOR INVESTMENT! View the DCA’s list of Qualified Projects to get started.
For more details and assistance, reach out to our CEO Mark Valli, 609-240-8053 or email@example.com; visit the DCA’s NRTC website; or contact Bradley Harrington at the DCA, (609) 633-6273 or Bradley.Harrington@dca.nj.gov.
- Click on the thumbnails below to view details on Norwescap’s NRTC 2023 projects in Phillipsburg and Sussex Borough:
- View the slide deck from Norwescap’s NRTC Info Session, hosted on November 9 via Zoom, here: PDF file of NRTC Info Session
- Watch the recording of the Zoom Information Session here: Zoom Video of 11/9 Information Session
Since 2009, Norwescap has partnered with NJ corporations to re-invest millions of NRTC dollars in the northwest region of New Jersey. Our work in Phillipsburg, where our headquarters and several of our program facilities are located, we have leveraged this tax revenue to rehabilitate and repair neighborhood homes; promote homeownership; grow local businesses; strengthen the community; and enhance quality of life for those who work and live in the town. In the coming year, we will continue our work in Phillipsburg and will expand to include Sussex Borough in our NRTC community development efforts.