2024 PMRCC Community Development Fund

The Princeton Mercer Regional Chamber of Commerce Community Development Fund, supported by the Princeton Area Community Foundation, aims to bolster nonprofits within the Chamber's five-county operational area. This initiative aligns with the foundation's mission by strategically investing in organizations that are vital to the community's progress in education, leadership, economic opportunity, and self-sufficiency. The fund specifically targets areas that address critical societal needs, ensuring that resources are directed towards impactful and sustainable change within the region. The program's core focus areas are Education and Economic Opportunity and Workforce Development. In education, the fund prioritizes innovative programs designed to help low-income and at-risk students succeed academically, prepare for higher education, or enter the workforce. Key impact goals include reaching a broad student population, fostering community resource collaboration, promoting curriculum innovation, and supporting scalable models. The expected outcomes are improved academic achievement, increased access to post-secondary education or employment, and the development of replicable successful educational initiatives. For Economic Opportunity and Workforce Development, the fund supports nonprofits that drive economic growth. This includes initiatives for small business development and expansion, commercial revitalization, job creation, work-entry programs, specialized skills training, and transportation solutions. The impact goals are centered on fostering a more robust local economy and creating pathways to self-sufficiency for community members. Measurable results would include an increase in new businesses, job placements, individuals completing skills training, and improved access to employment opportunities. The eligibility criteria for applicants reflect the foundation's strategic priorities, requiring tax-exempt status under Section 501(c)3, public charity status under Section 509, and registration with the NJ Division of Consumer Affairs. This ensures that funds are distributed to credible and well-governed organizations. The geographic scope, encompassing numerous municipalities within the Chamber's area, highlights a theory of change that local, targeted investments in key sectors will lead to broad community development and improved quality of life across the region. The one-year grant duration encourages focused, impactful projects with clear objectives within that timeframe.