Category Archives: 2. Foundation News

NJ.com Article: South Jersey transportation woes addressed with new shuttle service

You can read the full article here: http://www.nj.com/atlantic/index.ssf/2016/01/south_jersey_transportation_woes_addressed_with_ne.html  

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Nonprofit announces $15 million economic plan

MILLVILLE – A nonprofit has created an economic initiative that could pump as much as $15 million throughout South Jersey to help low-income families.

The Pascale Sykes Foundation announced the plan Thursday at the Cumberland County Improvement Authority headquarters on High Street. The organization has partnered with other agencies to raise money for the initiative.

The purpose is to enhance education and workforce development across Cumberland, Atlantic, Gloucester and Salem counties.

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Pascale Sykes launches multimillion-dollar economic development project in South Jersey

THOMAS BARLAS, Staff Writer
MILLVILLE — The Pascale Sykes Foundation is launching a multimillion-dollar economic-development endeavor intended to help low-income working families in four South Jersey counties.
The largest part of the 10-year project involves spending what organizers hope will be as much as $15 million to stimulate existing businesses in, and lure new businesses to, Atlantic, Cumberland, Gloucester and Salem counties.
While the money will finance various economic development projects, the main thrust involves bolstering small businesses in downtown areas, said Wayne Meyer, president of the nonprofit New Jersey Community Capital. The New Brunswick-based company administers the funds for the project.

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VIDEO: Pascale Sykes Foundation Invests $50 Million to Help Families in South Jersey

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MILLVILLE – A $50 million investment is being made in South Jersey Counties to help support working families in Cumberland, Salem, Gloucester, and Atlantic Counties.

“We, the Pascale Sykes Foundation is fully funded and is closing its doors in either 2022 or 2023. So we decided to have a spend down to really make a difference,” said Francis Sykes, President of the Pascale Sykes Foundation. “We looked at all the different counties in New Jersey, all kinds of stats, and discovered that Atlantic, Cumberland, and Salem Counties offer the most potential.”

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Transportation More Important than Schools, Crime, in Escaping Poverty

The New York Times recently reported on a finding from the large social mobility study out of Harvard that found that access to good, reliable transportation is a huge factor in determining economic mobility. Read More…

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Rotary International Honors PSF Grantee

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Bernadette Blackstock, the executive director of one of our SJ Strengthening Families lead agencies, People for People Foundation, was chosen as one of eight women of Rotary from around the world to be honored by Rotary International on International Women’s Day.

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Greater Bridgeton Area Transit & English Creek – Tilton Road Community Shuttle

 

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