Posts in Category: Newark CEDC

Kevin Seawright Explains the Functions of Newark Community EDC

Kevin Seawright is the chief financial officer of the Newark community economic development corporations which is a non-profit organization. The main aim of the company is improving the economic status of the residents of Newark through promoting small businesses while fostering sustainable development.

The corporations have come a long way to fulfilling the financial needs not only of the people of Newark but also aspires to develop throughout the entire city. The primary target of the corporation is small businesses that range from jewelry to clothing stores by granting them small business loans to build a good asset base.

It would be substantial however to note that the corporation does not entirely fund the startup of businesses at the moment. Change is inevitable, and the organizations must change to meet the dynamic needs of the clients.

According to Crunchbase, Kevin Seawright Newark Community Economic Development Corporation undergoes the annual change like the recent rebranding to reach out to most of its targeted areas. The approach, as well as the structure of the corporation, is modified to ensure that the organization becomes effective and efficient in its operations.

Kevin Seawright is one of the employees that are dedicated to their jobs thus enabling Newark CEDC to realize its priorities. Terms of the loan are favorable to the operation of small business while ensuring that they achieve growth in the long run. The corporation works diligently with other EDCs as well as some of the organizations and banks to facilitate the funding of small businesses.

Building business is not cheap and easy; this is because it may involve a commitment of a lot of funds that that would be used for the daily operations of the firm. According to Kevin Seawright, Newark CEDC is helping the city to gain strong business growth while at the same time lobbying for community activities and working with the staff to ensure the success of the mission.

It would also be vital for the client to note that they are charged interest rates, but the advantage is that they are reasonably small as compared to other types of credits.