Published July 11, 3015
By Bob Makin

Nonprofit community development corporations in Middlesex County have contributed more than $460 million dollars for state’s economy, according to a report by Housing and Community Development Network

Nonprofit community development corporations (CDCs) in Middlesex County have contributed more than $460 million dollars for state’s economy, according to a report recently released from the Housing and Community Development Network of New Jersey.

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-CEO 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 report, Middlesex County nonprofit CDCs have completed 76 developments that spurred 3,000 jobs and $218 million in labor income in the last 25 years.

The report was unveiled at an event hosted by Triple C Housing in New Brunswick. Middlesex County Freehold Blanquita Valenti and New Brunswick Councilwoman Rebecca Escobar were among those on hand.

Access “Stronger Together” at http://www.hcdnnj.org/StrongerTogether.

Staff Writer Bob Makin: 732-565-7319; [email protected]