NEWARK, NJ, May 3, 2021 / PRNewswire / – One of New Jersey Top impact investment strategists will take the helm of a leading community development organization with ambitious plans to expand local investments in affordable housing, economic development, health, education and employment.
Jorge Cruz, a 30-year community investing veteran who most recently served as Chief External Affairs Officer at New Jersey Community Capital (NJCC), is the new Executive Director of LISC Greater Newark, the local branch of Local Initiatives Support Corporation (LISC) . LISC is with some of the largest community development organizations in the country $ 24 billion invested nationwide, including more than $ 151 million in the Newark.
“We are very excited that Jorge is joining the LISC family and leading our work Newark, “said Lisa Glover, President and CEO of LISC. “His experience will be a tremendous asset as we expand our economic opportunity creation efforts, especially in communities with limited resources,” she said.
At NJCC, Cruz led the capitalization and fund design of the Garden State Relief Fund, providing grants and loans to small businesses and nonprofits affected by the pandemic. He led the fundraising process to create the Equitable Small Business Initiative, a joint loan fund working with the New Jersey African American Chamber of Commerce to fill the capital gap for paint entrepreneurs. He also led the creation of the Partnership to Invest in Transformative Community Health Fund, a collaboration with philanthropic groups and health systems to address social determinants of health.
“Jorge knows how to start and lead breakthrough initiatives that change lives,” said Glover. “He knows how to work with a wide variety of investors, philanthropic funders, community partners and policy makers. He knows from experience that solutions need to be locally tailored – developed with and for residents – rather than remotely imposed. That could be Don’t be more important now as we help communities recover from COVID-19 and eradicate the persistent inequalities that affect so many families, “she said.
Prior to joining NJCC, Cruz was the Chief Strategy Officer of the Jewish Renaissance Foundation, where he helped drive collaborations focused on community revitalization and the health of residents. He was previously the executive director of Garden State Episcopal Community Development Corporation and led one of the state’s largest affordable property developers. was President of the Bruno Group and worked with corporations to develop philanthropy programs; and served as adjutant to the mayor of Perth AmboyCoordination of city grants and cooperation with the mayor’s office for economic development.
“Our neighborhoods and communities in the Newark area are full of talent and drive. Our job is to use LISC’s extensive toolbox to create opportunities to connect our people across the country New Jersey Footprint to reach their full potential, “said Cruz.” LISC works to create widespread wealth in which people have the chance to thrive regardless of race, class, gender or geographic location. We invest in strong and healthy communities, and I can’t imagine a time when that was more important than it is now. “
In addition to his professional endeavors, Cruz volunteers for a number of organizations serving on boards and commissions, including the Center for Nonprofits and the Academy for Urban Leadership. He currently serves on the Foreign Affairs Committee of the National NeighborWorks Association. Corporate Advisory Board of the Statewide Hispanic Chamber of Commerce of New Jersey;; and as vice chairman of the Jewish Renaissance Foundation. Previously, he was also an organizational representative on the government committee of the Opportunity Finance Network and on the regional board of the CDFI coalition. He also served as the governor of the governor’s youth justice and prevention council and the New Jersey Policy Academy to End Homelessness.
Cruz completed the New Jersey College with a bachelor’s degree in sociology and a completed thesis in urban design and planning Rutgers University Bloustein School of Public Policy.
It can be reached from the start May 3approx [email protected].
With residents and partners, LISC forges resilient and inclusive opportunity communities across America – great places to live, work, visit, do business, and raise families. LISC has been investing since 1979 $ 24 billion Build or renovate more than 436,320 affordable homes and apartments; and develop 74.4 million square feet of retail, community and educational space. More information is available at www.lisc.org.
Colleen Mulcahy, for LISC
SOURCE Local Initiatives Support Corporation (LISC)