Omar Boraie has done quite a lot for the state of New Jersey, and he is investing in it in a variety of ways. Someone who is giving back to the community will find it quite a lot of fun to see it thrive, and that is what Omar does every day. This article shows that Omar does much more than develop. He is helping build a New Jersey that will stand on its own two feet in the future. Visit his Crunchbase profile.
#1: Giving To Rutgers
Omar has given a significant amount of money to Rutgers to ensure it will have the proper facilities for its students and staff. He has helped to develop the community around Rutgers http://patch.com/new-jersey/newbrunswick/omar-boraie-chair-genomic-science-established-rutgers-cancer-institute , and he is giving back in New Brunswick as that is his hometown and base of operations. He is using his money to help the city grow, and he has done so in other parts of the state where his services have been needed quite badly.
#2: He Develops Properly
In a report by NJBiz, all the development that is done by Boraie Development is completed in-tandem with cities who are in need of advice. They wish to see the community grow into a multi-use development that has retail, commercial and residential areas. Someone may move into a place like this knowing that they will have a safer place to live, and they will quite enjoy living in an area that was built for families. They will move in because there are jobs in the region, and Omar’s family business will manage all the real estate built on each property.
#3: Centralized Management
Management of the buildings crated by Boraie Development is handled in their offices, and they will control the user experience that is better than most. They wish to charge fair rent to all their tenants, and they will give more opportunities to those who wish to move into the area. Cities such as New Brunswick cannot grow unless they have tenants who are willing to move into place they can afford.
There are quite a few people who will benefit when Boraie Development begins their work, and the company will ensure there is a place for everyone to have a job or simply to live. The living arrangements of the areas that have been developed will include jobs in a number of businesses, and the community will rally around itself to grow a better place to live.
Dick DeVos helped start The Windquest Group back in 1989 and the company owns several energy and high-tech companies across Michigan, but it’s also a key funder of the West Michigan Aviation Academy and ArtPrize, an art competition hosted in Grand Rapids. DeVos holds a bachelor’s, master’s and doctorate’s degree from Northwood University where he also sits on several boards, and he also strongly believes in giving back to the city that’s allowed his business to succeed. Dick and his wife Betsy have always opened their checkbooks to organizations that needed support to stay active, but they’ve never been willing to disclose the numbers behind their generosity. During the hearings of Betsy’s confirmation for Secretary of Education, they revealed their lifetime giving was about $139 million.
Dick was a vice president and later CEO of a direct selling company, Amway Corporation prior to and after his founding of The Windquest Group. Dick’s father Richard DeVos Sr. had started Amway because he saw the means to sell household and health products while also giving others the chance to go into business reselling the products. Dick served at Amway from 1974 to 1989 and then became CEO from 1993 to 2002. In the years in between his family bought the NBA’s Orlando Magic where Dick also served on the executive board for three years.
Dick and Betsy’s lifetime giving started after they started the Dick & Betsy DeVos Foundation in 1992 and their first target was education. They made out donations to local private schools and then established scholarships funneled through organizations such as Kids First America and Education Freedom Fund. They also became Charter School supporters and hired staff to run the West Michigan Aviation Academy, a charter school they founded themselves located at the local airport. They’ve also supported higher learning institutions and David Rubenstein’s remodeling project for the Kennedy Center’s Art Institute in Washington received a $22 million gift from Dick and Betsy and was promptly renamed the DeVos Institute of Arts Management.
Dick DeVos is also a former political candidate who decided it was time to enact meaningful reform not just for Michigan’s education, but for the economy and to change job regulations he felt were affecting commerce in the state. He originally had a lead in the polls over current governor Jennifer Granholm, but he could not bring home a stellar performance in the debates and lost the 2006 election by 14 points. He has continued to give financial support to free market organizations across the state and nationally including the Heritage Foundation and Constitution Society and has been at the center of some conservative legislation that’s been passed, including a right-to-work law in 2012 similar to one that passed in Wisconsin.
Like me, most of us probably know of Dick DeVos for the work he completed with the AmWay Group throughout the majority of his working life, but after completing a little research I was pleased to see this only forms a small part of the work of the Grand Rapids, Michigan native. As a member of the AmWay Group Dick spent almost four decades working with the company and brought unprecedented levels of success to the business founded by his father; I believe the six year period from 1986 onwards was the era that made the name of Dick DeVos when he increased the annual income of the international sales of the company tenfold.
Eventually, Dick DeVos made his way to the position of President of AmWay after proving his worth as the President and CEO of the Orlando Magic NBA franchise owned by the DeVos family at the time. My impression of Dick as an excellent business leader was only proved to be correct when his restructuring of AmWay led to even greater success than the company had achieved in the past. In 2003 I was shocked when Dick DeVos decided to step down as President of the restructured AmWay group and retire from major business dealings; however, Dick has not stood idly by, but has continued to seek out investments that interest and excite him along with his wife Betsy as the leaders of The Windquest Group.
Perhaps the area Dick and Betsy DeVos have become most associated with are the education reform programs they became involved in back in the 1970s when this movement was seen as being a radical group; Dick and Betsy began seeking reform in their home state of Michigan and have now spread their work across 17 states in the U.S. In my opinion the work of the Dick and Betsy DeVos Family Foundation to bring continued economic success to various parts of the U.S. will form a major part of the legacy of the couple in Michigan and beyond.