Marjorie Perry

Marjorie Perry

Marion P. Thomas Charter School (MPTCS), the largest independently operated African- American led public charter school in Newark, is partnering with Goldman Sachs, through its Urban Investment Group, Prudential Insurance Company of America and New Jersey Community Loan Fund to finance the construction of a new state-of-the-art high school facility. The largest minority-lead construction project in New Jersey, the project is a key component of the revitalization efforts associated with the Broad Street Station Redevelopment Area in Newark’s Central Ward. Construction of the new facility began in June and Marion P. Thomas Charter High School will welcome students in the fall of 2015.

 

MPTCS, which has been educating Newark youth in prekindergarten through 8th grade for over 15 years, officially merged with Visions Academy Charter High School on July 1, 2014, which led to the establishment of the Marion P. Thomas Charter High School. The new entity offers a “crayons to college” experience for Newark youth.

 

The Marion P. Thomas Charter High School will continue Visions Academy’s strong focus on college and career readiness while introducing a concentration on the arts. In addition to completing a challenging college preparatory curriculum, students will have an option to major in either performing or culinary arts. The school’s focus on the arts will benefit the community, as the new high school facility will feature a black box theater and a state of the art culinary learning facility with dining space, both of which will be used for community events and functions during non-school hours. The arts theme draws upon Newark’s rich history of fostering and supporting African American artists.

 

Congressman Donald Payne Jr. has been a major supporter of this project. “I am delighted to welcome the construction of a new Marion P. Thomas Charter High School and am especially proud that it will be the largest minority-led construction facility in New Jersey. The construction will revitalize the community by creating many new good jobs and will provide our youngsters with the kind of educational opportunities that will help shape the community for decades to come. This invigorating project will have a direct impact on our city not only now but well into the city’s future, and its construction will serve as a reminder of Newark’s rich history of African American music, culinary, and performing arts. I commend Goldman Sachs, the Prudential Insurance Company of America and the New Jersey Community Loan Fund for their support of this project and for investing in the future of Newark.”

 

Marjorie Perry of MZM Construction will work with various organizations to insure that local businesses and individuals benefit from this construction project. “As a woman born and raised in Newark, I am proud to serve as the Owner’s Representative for the construction phase of Marion P. Thomas Charter School’s new high school facility. Given that the school’s students, staff, and community are predominantly African American, we have collaborated with the school to ensure that minority workers and businesses are significantly involved throughout the construction process. The new school will further cement MPTCS’ status as one of the educational pillars of our community,” said Marjorie Perry.

 

Goldman Sachs made a $15 million senior loan to help finance the new Marion P. Thomas Charter School building through its Social Impact Fund, a first of its kind direct impact-investing vehicle which seeks to provide Goldman Sachs’ clients with access to “double bottom line” investments that can provide both a financial return and measurable social impact. “A new Marion P. Thomas Charter School facility will allow more students in Newark to access a high-quality education in a state-of-the-art building that will also shape and strengthen the neighborhood,” said Margaret Anadu, Managing Director in the Goldman Sachs Urban Investment Group. “We are pleased to collaborate with strong public, private and non-profit partners to develop this project, which will boost student achievement in Newark and complement the work that the Urban Investment Group has done to help revitalize the city over the past 5 years.”

 

Prudential is providing $10 million in debt to finance the construction of the new high school facility. Similar to other recent charter school deals that Prudential has financed, this project features Qualified School Construction Bonds, which provide a quarterly cash subsidy to the school to offset debt service. In total, the school will benefit from an annual subsidy of $1.7 million which will halve the per pupil occupancy cost from its current level of $2,400 to $1,200; which provides enough savings to hire 25 new teachers.

 

“Schools are at the core of neighborhoods, providing not only an education for children, but also adding to the vitality of the community,” said Lata Reddy, vice president of Corporate Social Responsibility and president of The Prudential Foundation at Prudential. “Prudential is delighted to support the building of this new facility that will transform a vacant site into a vibrant school and community center.” This is Prudential’s second investment benefiting MPTCS. In 2006, Prudential closed a $2.75 million New Markets Tax Credit transaction to finance the acquisition and renovation of MPTCS’s current elementary school located on S. 7th Street; which continues to serve the school’s needs and will not be altered with the new construction.

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Thursday, 02 October 2014 15:16

Driving Your Business

You are invited to a seminar series: Driving Your Business: Women At The Wheel 

You’re Invited! 

Please join us for the 2014 New Jersey edition of Driving Your Business: Women at the Wheel breakfast seminar, featuring a panel of extraordinary women who have demonstrated a distinguishing approach to driving their businesses. 

The seminar features five exceptional women executives, with diverse industry backgrounds, discussing the skills and philosophy that propelled them to the top.Topics include:  

  • Background on their respective businesses
  • Management issues and challenges within their industries
  • Successful business strategies and management philosophies   

If you are a New Jersey business leader or entrepreneur, please join us for this invitation-only industry event and get an edge on ‘driving your business’. Presentation will be followed by our Leadership Excellence awards. 

The distinguished panel includes: 

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Stacy Gilbert 
Partner,
Citrin Cooperman

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Neale Godfrey
Founder/CEO of Children’s Financial Network, Inc.

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Marjorie Perry 
CEO of MZM Construction & Management Company, Inc.

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Stacey Meisel – 
Founding Partner
Becker Meisel LLC

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Dr. Kathleen Waldron
President
William Paterson University

 


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Moderator: 
Terri Coffel,

Partner, 
Citrin Cooperman 

 

 

Stay connected with us: 

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When:

Thursday, Nov. 6, 2014

Time:

8:00 a.m. – 10:00 a.m.

Where:

Brooklake Country Club 139 Brooklake Road Florham Park, NJ 07934 

Breakfast will be served.

Due to limited space, please reserve your spot no later than October 30th.

CLICK HERE TO RSVP

If you have questions regarding this event, you may contact: 

Vicki Dill

973.218.0500 Ext. 2369 This email address is being protected from spambots. You need JavaScript enabled to view it.

Presented by:

Citrin Cooperman

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In Support of: 

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Wednesday, 05 March 2014 23:45

Attend a Training

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If it has to happen, then it has to happen first, writes Laura Vanderkam, time management expert and author of "What the Most Successful People Do Before Breakfast."

Those among us who have managed to find professional success and eke out a life actively embrace this philosophy. They must set aside their first hours of the day to invest in their top-priority activities before other people’s priorities come rushing in.

Continue Reading...

Wednesday, 26 February 2014 15:21

Ignite Women's Conference

 


Thursday, 13 February 2014 14:53

Ms Perry on MY9NJ

Honoree for the 2014 Women of Tri-County Awards Luncheon 
Friday March 14, 2014
Morris County Golf Club 
Morristown, NJ 

The Women of Tri-County Awards Luncheon is an annual event which recognizes outstanding women of achievement and leadership.  These women serve as exemplary role models for the youth of our country through their vocations and service to others. 

 Through this event, funds are raised to support the Freedom Scholars program which is offered to children throughout Northern and Central New Jersey. 

Thursday, 13 February 2014 14:30

Super Bowl Contract

Friday, 01 November 2013 18:45

Perry TV














Friday, 01 November 2013 00:00

Ignite your life 2013 - November 15-17, 2013

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