$100M fund for Black and Latinx business owners expands to 7 more N.J. cities
Updated Feb 19, 2021;
Posted Feb 19, 2021
The FAM Fund expanded and now has the support of Newark Mayor Ras J. Baraka, East Orange Mayor Ted R. Green, Trenton Mayor Reed Gusciora, Camden Mayor Frank Moran, Paterson Mayor André Sayegh, Atlantic City Mayor Marty Small, Irvington Mayor Tony Vauss, and Orange Township Mayor Dwayne Warren.via Zoom
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Seven more mayors across New Jersey are on board to help create a $100 million philanthropic fund to support Black and Latinx business owners and real estate developers.
The idea first started in Newark last year in September. Now, mayors from Orange, East Orange, Paterson, Camden, Trenton, Irvington and Atlantic City are helping to call on the private sector to contribute to the fund and assist their residents too.