CNBNEWS.NET NOTE:The newly formed Gloucester City Economic Development Corporation submitted the news release below to the Gloucester City News 15 days ago for publication. We just received a copy of it today, March 20, 2013, thanks to the co-chairman Frank Antico Jr.
Chairman David Stallwood has been asked repeatly by CNBNews since December 2012 to explain the purpose of the GCEDC. We also wanted to know how much this group of volunteers borrowed from the City's Urban Development Action Grant program (UDAG)? And, how much did they spend to purchase the two commercial properties on Monmouth Street? For the answers to those questions See Not A Peep Was Heard
~Bill Cleary, CNBNews Editor
Chairman Stallwood writes,
At a very well attended Gloucester City Business Association (GCGA) meeting held last Tuesday, we gave a report on the Gloucester City Economic Development Corporation (GCEDC). This bought up some great questions that we felt we would like to share. We hope this will clear up some of the mystery of the GCEDC.