Multimillion-dollar tax credit to benefit 3 Pittsburgh neighborhoods |

Multimillion-dollar tax credit to benefit 3 Pittsburgh neighborhoods

The nonprofit agency Economic Development South received a $2.1 million tax credit for community revitalization work in Mt. Oliver, Knoxville and Carrick.

The funding, announced Wednesday, was secured through the Pennsylvania Neighborhood Partnership Tax Credit program administered by the state Department of Community and Economic Development. The Allegheny Conference on Community Development’s Strengthening Communities Partnership program also helped secure the funding.

The Allegheny Conference and Economic Development South have secured five partners — Highmark, Huntington Bank, First National Bank, Dollar Bank and Fifth Third Bank — for a total investment of $350,000 a year for the next six years.

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