The merger of two New Jersey Jewish federations, the Jewish Federation of Central New Jersey and United Jewish Communities of MetroWest, was a nearly unanimous decision. But as one member of the smaller organization aptly described it, the merger was also something of a leap of faith.
Whether you're the head of a large corporation or a tiny nonprofit, the goals of a merger or acquisition are often the same: to increase your company's presence and acquire more money. In the case of one merger currently under way in southern New Jersey, these goals should help the agency survive in the long term.
When most people think of business mergers, it's behemoth corporations that come to mind. Banks and technology companies have made a habit of absorbing each other with the promise of even huger profits than they were making before. But what about small businesses and nonprofits? These companies merge, too, but with an entirely different goal: their continued survival.