What is New Community?
Founded in 1968 and headquartered in Newark, New Jersey, New Community Corporation is a dedicated community development organization. Its comprehensive suite of programs aims to address critical needs within the community, offering services such as emergency food assistance, utility bill support, and operating a transitional housing facility. The organization's long-standing commitment to social impact positions it as a vital resource for its constituents.
How much funding has New Community raised?
New Community has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in New Community
PPP
Public-Private Partnership
What's next for New Community?
The recent major strategic investment signals a strong vote of confidence in New Community's mission and operational capacity. This capital infusion is expected to fuel the expansion of its existing programs and potentially enable the development of new initiatives to further serve the Newark community. The focus on enterprise-level funding suggests a strategic push towards sustainable growth and enhanced service delivery, positioning New Community for a more impactful future.
See full New Community company page
