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March 31, 2017

Horizon Blue Cross Blue Shield of New Jersey has announced that it is investing $985,000 in urban community development projects in Elizabeth, Paterson, and Camden through a program run by the state Department of Community Affairs.

The Neighborhood Revitalization Tax Credit program — whose focus is on renewing distressed neighborhoods — gives businesses a 100 percent tax credit if they fund revitalization work done by nonprofits. This is the eighth year Horizon BCBSNJ has taken part in the program.

The Horizon funds will go to a range of projects being carried out by the Elizabeth Development Company ($450,000), the NJ Community Development Corporation in Paterson ($200,000), and in Camden the St. Joseph’s Carpenter Society ($135,000) and the Cooper Health System ($200,000).

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