Over $650 Million Economic Impact Spurred by Mercer County Nonprofit Community Developers
Statewide community development association releases new local economic impact report


Nonprofit community development corporations (CDCs) in Mercer County have contributed over $650 million dollars for New Jersey’s economy according to a report released today from the Housing and Community Development Network of New Jersey (the Network). The report is a supplement to Stronger Together: The $12 Billion Impact of Community Corporations in New Jersey, a study highlighting the investments made by the sector since 1989 and the resulting impact on the state’s communities.

“The nonprofit community development sector has been a strong contributor to the area and the state’s economy, making investments that have improved the quality of our neighborhoods as well as produce homes and jobs,” said Staci Berger, president and chief executive officer of the Network. “These mission-driven organizations are creating opportunities for thousands of New Jersey residents while generating much needed tax revenue for these counties and all of New Jersey.”

According to the new report, Mercer County nonprofit CDCs have completed 84 developments which have spurred 4,400 jobs and $330 million in labor income in the last 25 years.

“Here in Princeton, we have worked with our community partners to help ensure that people have access to homes they can afford and the opportunity to build more productive and fulfilling lives - while contributing to the vibrancy of our community,” said Edward Truscelli, executive director of Princeton Community Housing. “We are proud to be part of the fabric of opportunity here in Princeton, and just as proud to be part of the larger non-profit community here in Mercer County.”

The report which features Mercer County employment, housing, and demographic data was unveiled at an event hosted by Princeton Community Housing in Princeton. Princeton Mayor Liz Lempert; Diana Rogers, acting director of Housing & Economic Development for the City of Trenton, local officials, area community developers, as well as faith-based and other local nonprofit organizations were on hand during for the release of the report.

To access Stronger Together: The $12 Billion Impact of Community Corporations in New Jersey and the Mercer supplemental reports, visit http://www.hcdnnj.org/StrongerTogether.

About the Housing and Community Development Network of NJ
The Housing and Community Development Network of New Jersey is the statewide association of more than 250 community development corporations, individuals and other organizations that support the creation of affordable homes, economic opportunities, and strong communities. For more information on the Network, visit www.hcdnnj.org.