HANDS and Corporate Partners Work Together to Grow Economic Development in Orange NJ

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HANDS and Corporate Partners Work Together to Grow Economic Development in Orange NJ

HANDS is pleased to announce receipt of a $1.5 million grant award from the New Jersey Department of Community Affairs, Neighborhood Revitalization Tax Credit (NRTC) Program which will support the Heart of Orange Job Training Center and the construction of the Valley Gateway Center. Both projects will work to strengthen neighborhood leadership, community organizing capacity, foster creative businesses, and local arts.  HANDS will develop a vacant, blighted site adjacent to the Highland Avenue NJ Transit commuter rail station with a new 2,800 square foot building to house a Business Incubator for “creative enterprises”. The building, in a park-type setting, will be the Gateway to the Valley Arts District. The grant also supports coaching and assistance to Orange entrepreneurs and supports nonprofits arts organizations in the Valley Arts District.  The new building will augment the Highland Avenue Station rehabilitation underway by the City of Orange.

HANDS will also rehabilitate a long-vacant and deteriorating commercial building, located in the Heart of Orange neighborhood, into a job training center for young adults learning construction trades. In conjunction with YouthBuild Newark, trainees will help rehabilitate the Center building as part of their training and once that is complete, help rehabilitate chronically vacant and deteriorated housing in the neighborhood. “This project is another example of HANDS helping community members plan, shape, and improve their own neighborhood.  It will raise the quality of community life and provide career and education alternatives to local youth.” says HANDS Executive Director, Luther Flurry.

Corporate contributors to these programs are JPMorgan Chase Bank, Valley National Bank and NJ PURE Insurance, Wyndham Worldwide, CURE Insurance, PSE&G, NJM Insurance Group and Solix, Inc.   “Without the vision and commitment of our Corporate Partners and the NRTC Program, these projects could not happen.” says Mr. Flurry.

About the Neighborhood Revitalization Tax Credit Program:  The NRTC Program provides business entities with a 100% tax credit for funds provided to nonprofit entities carrying out comprehensive revitalization plans. Nonprofit entities may use funds for housing and economic development and supportive services that promote neighborhood revitalization.