Community development programs play a vital role in the society. Since some are not capable or lack the opportunity to explore their potential, they end up in poverty with no one to rescue them from the menace. Community developments initiatives help promote economic developments in various areas as well as improve the standard of living of for most people. Such programs result in the reduction of crime and homelessness. Another advantage is the increase in jobs. Most families that reside in the rural homes are usually the recipients of such programs that positively impact their lives. The programs are funded through grants that are mostly reserved for areas that require special assistance. These economic distributions are utilized to finance various improvements such as in the infrastructure sector.
Newark has witnessed Newark CEDC do marvelous developments for the city since its establishment in 2007. The firm is structured to maintain, attract and flourish businesses as well as advance minute and minority business capacity. Newark CEDC associates with the Newark Department of Economic & Housing Development to build and oversee economic development operations to create and maintain economic growth as well as making wealth for Newark natives. The city has seen change all over the City’s 20 discrete neighborhoods.
Newark Community Economic Development Corporation (Newark CEDC) was reorganized in 2014 to reach out to all development activities and aim at achieving their goals. They welcomed to their team a new leader as part of the indispensable restructure. Kevin Seawright was recently appointed to serve as the Vice President & Chief Financial Officer of Newark Economic Development Corporation. With him comes restructured business strategies that have created responsive finance segments. Mr. Seawright is an administrative professional in duties in both private and government entities. He has been appointed to showcase efficiencies as a business leader with a strong focus on transforming the community.
Newark CEDC collaborates with other companies that are expanding Newark and help Newark citizens in the step forward. The firm creates businesses throughout the city and its markets as well as giving a helping hand to start up ventures in terms of location decisions. Newark CEDC also focuses on increasing its accessibility to thriving small businesses to make them aware of the help it provides. It is currently upgrading its responsibilities as a clearing house for upcoming entrepreneurs and businesses. Newark CEDC strives to create a diverse economy by identifying essential industries that exude opportunities for job creation and economic development as a whole.