State leaders included the new Social Impact Investment Fund in New Jersey's $54 billion budget signed by Gov. Phil Murphy in June.
New Jersey’s underserved communities will soon have a new source of funding to address mounting social and economic issues thanks to an innovative financing tool included in the latest state budget.at the end of June was a measure to appropriate $20 million in seed funding for the creation of a Social Impact Investment Fund aimed at filling gaps in financing that often hamper development in low-income and minority communities.
In a statement announcing the fund, Murphy said it delivered on his promise to create “a socially motivated public financial vehicle serving the state of New Jersey.” If you purchase a product or register for an account through one of the links on our site, we may receive compensation. By browsing this site, we may share your information with our social media partners in accordance with our
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