The New CFO of CEDC, Kevin Seawright, Helps Local Community and Businesses of Newark to Prosper

Kevin Seawright is the CFO and Senior Vice President of the Newark Community Economic Development Corporation, a non-profit corporation (which was created by Mayor of Newar Ros Braka), that is having a large impact on the local Newark firm, in order to help regenerate the whole area. Recently Seawright was interviewed by Local Talk New and he explained the new program, that will help the local community to progress.

The Newark Community EDC started in 2015 and is working on a special plan, that will span citywide. The main goal of this program is to help small and medium businesses in the Newark area to prosper.

In fact, this programs aims to all kind of businesses, such as markets and local clothing, jewelry or other kind of shops, by offering them loans. When Seawright became the CFO of the Corp, he also discovered the decision to re-brand the corporation from its original name, Brick City Development Corp.

Kevin Seawright brought his experience to help the economy in the city of Newark and to help the local find jobs. Kevin Seawright explained how the owners of various businesses in the area can get help, by launching or growing their firms and services. The main goal at the Newark CEDC is to talk to owners about tax, credit reporting, as well as financials, so the new firms can understand their positions and then discuss about possible loans.

In addition, their partners work closely with small firms, such as other EDCS, as well as some banks, in order to make sure that everyone has the kind of help they need as to get started. The only prerequisite for a company to be able to work with the Newark CEDC is to be located in the city, as he clearly stated.

Kevin also discussed his experience working with the Newark CDC in this new role and also his past at the CEDC Corporation. As Seawright pointed out, he welcomes the responsibilities and likes helping communities to progress. Actually, for over 13 years he has used his expertise in finance to evolve the cities around the East Coast.

His experience is rooted in local government agencies, education, as well as in crucial financial management positions. Moreover, Kevin Seawright acted a board member of the Babe Ruth Museum.

He was also recognized by the University of Notre Dame (Mendoza College of Business) for completing in the most successful way the second installment of the non-profit Fund Development Program.