New Jersey is proactive when it comes to promoting and offering the business community resources and financial tools that will lead them into stronger business entities. This outside economic support allows the businessmen to support themselves and the communities around them. Newark Community Economic Development Corporation or Newark Community Economic Development Corporation has contributed immensely to the growing economy of Newark and has been a major catalyst in economic development in the state as well. The organization was founded in 2007, and was originally called the Brick City Development Corporation or BCDC. It was designed solely for the development and improvement of New Jersey businessmen.
In 2014, the corporation was renamed and reorganized taking what they had learned in the past 7 years and restructuring the corporation. Newark Community Economic Development Corporation was originally formed to attract and grow businesses, promote and retain them throughout the community, to enhance the business capacity of small and minority businesses, and to spur new and existing real estate development throughout Newark’s multi-cultural neighborhoods.
One of the outstanding decisions made in May 2015 in the restructuring of Newark Community Economic Development Corporation was to appoint Kevin Seawright as leader of the team. For any team to move forward, there must be a knowledgeable and focused leader at the helm, and that is what Kevin Seawright brings to the table. He is a natural choice for furthering the concept of Newark Community Economic Development Corporation because he has extensive experience in accounting, operations and capital management.
Mr. Seawright has committed the past 13 years to using his financial expertise in benefiting communities up and down the East Coast. His experience is established in financial management for local government agencies. This area is where he excels, and it is exactly the direction of Newark Community Economic Development Corporation. This makes a perfect fit, and the citizens of Newark receive the benefits. Newark CEDC has the financial background to lead and assist the businessman across the city.
Newark Community Economic Development Corporation is a conduit that sparks small and large businesses alike. In real estate ventures, they collaborate with the Newark Department of Economic & Housing Development to promote and execute innovative economic development activities, which initiate and retain economic growth for the neighborhood. They also assist in generating jobs that ensure a more stable economy for the citizens of Newark.
This Newark financial and economic organization creates an additional layer of development and economic stability for the city. The goal of Newark Community Economic Development Corporation is to continually be paying it forward, and this structure would make an excellent concept for any city in America.