Community Developers Make $12 Billion Impact on NJ Economy Statewide community development association releases economic impact study 2/5/2015 Over 120 nonprofit community development corporations have generated $12 billion dollars for New Jersey’s economy according to a study from the Housing and Community Development Corporation of New Jersey. The study, Stronger Together: The $12 Billion Impact of Community Corporations in New Jersey, highlights the investments made in the sector since 1989. “New Jersey’s community development sector has been going strong for the last 25 years and they’ve not only improved the quality of our neighborhoods but helped grow our state and local economy as well,” said Staci Berger, president and chief executive officer of the Network. “They’re creating jobs, providing essential services, building homes, and generating tax revenue. Most importantly, they’re creating opportunity for thousands of New Jersey residents.” Key findings in the report include the following:
To access Stronger Together: The $12 Billion Impact of Community Corporations in New Jersey, visit http://tinyurl.com/economicimpactstudy. |