Newark CEDC: The Economic Development Catalyst

The Newark CEDC or Newark Community Economic Development Corporation is an economic development catalyst in Newark, New Jersey. The aim of this corporation is to attract, retain and grow businesses. The Newark CEDC has a big role in sustaining economic growth by providing jobs and creating wealth for the citizens in the city of Newark. This time we are going to discuss further about the Newark CEDC.

1. Kevin Seawright

Kevin Seawright is the current executive vice president and chief financial officer in the Newark Community Economic Development. He has a lot of experiences in accounting and diverse capital management, and he was chosen to be the new leader of the team in May 2015. Seawright has been using his financial expertise for in the east coast. His experiences are mostly rooted in financial management for some local government agencies. As the new leader, he designed a new accounting system and implemented it in the company. The accounting system he designed has been really helpful for the agency.

Kevin Seawright has over $400M worth of responsibility in the city, capital, federal, private and bond funds during his career. He has been responsible for more than 600M USD in the construction of educational facilities projects in the capital. He has been in a lot of positions, finance director, managing fiscal officer, payroll director, budget manager, and plenty a lot more positions. Seawright has a great reputation among co-workers and leaders as an efficient business leader who can achieve great results. He’s even got executive leadership certification from Notre Dame, which has set him on his current career path.

2. Services

The Newark CEDC also works with companies that want to relocate or expand their businesses in Newark by assisting them with their locations, workforce information, demographic analysis, available buildings and sites, economic indicators and a lot more important information that are relevant to the business. Other than helping companies, the Newark CEDC also provides other services such as:

Real Estate
Small Business Development
Neighborhood Development
Industry Focus (this includes manufacturing, arts & entertainments, health services, information technology, port related services and higher education & research)

3. Loan Programs

The Newark CEDC also offers loan programs for businesses, they provides $20,000 or less to entrepreneurs who want to start building their businesses in the city of Newark. They also offers additional services and resources if it is needed, including the assistance in improving credit score, developing business plans and trainings, IFEL, and other helpful things.

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