Duplicate paragraphs on different websites - negative impact? earn by blogging adsense income

If I run two events that are fairly different in topic, let's say that one deals with Roads and the other deals with Energy... can I copy general bits of paragraph content and use them on the both the sites (the aim being to save time writing copy)?

Or will this have a negative affect on my SEO?

I have read that you are not penalised for duplicate content, but you are rewarded for uniquer content. Does this still apply for copied paragraphs?

submitted by /u/sampebby
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