NEWARK, NJ — The Newark Municipal Council voted Oct. 5 to invest $2 million in the New Jersey 40 Acres and a Mule Fund. It is an investment fund targeted to reduce the wealth, health and social disparities that exist with black and Latinx communities when compared to the general population. This first-in-the-nation investment vehicle […]
NEWARK, NJ — The New Jersey “40 Acres and a Mule” Fund recently announced that Bank of America has committed to provide an equity investment in its NJ FAM Fund. The fund is a $100 million private investment vehicle established in 2020 to reduce social and economic disparities resulting from systemic racism; the program includes […]
ESSEX COUNTY, NJ — On Feb. 18, Newark Mayor Ras Baraka, Orange Mayor Dwayne Warren, East Orange Mayor Ted Green, Paterson Mayor Andre Sayegh, Camden Mayor Frank Moran, Trenton Mayor Reed Gusciora, Irvington Mayor Tony Vauss and Atlantic City Mayor Marty Small Sr. announced the creation of the NJ FAM — aka New Jersey 40 […]