Newark has long needed some high quality Economic development. The area often feels overshadowed by the many bigger cities that are close by this wonderful city. While Newark has many features that make the city truly unique, the economic development team has long struggled to provide people with the opportunity to truly watch this city grow. After many years of struggling, Newark recently decided to embrace a newly empowered and re-branded economic development team.
The new team is called the The Newark Community Economic Development Corporation. The city council recently voted on the re-branding, and the effort was widely accepted by all of the members. Mashable writes that there are many reasons for this new effort, but one of the biggest reasons that has been cited has been the desire to change the culture of the economic development team. While Newark has had many economic development successes in the past, the area has grown stagnant in recent years as other areas of the state and the surrounding states have started to outpace the company.
Along with the re-branding effort, Newark Community Economic Development Corporation is getting a new office. The new office will be located on 111 Mulberry Street. This location will save the organization around $250,000, which is an extremely significant number.
While there have been several cost saving measures with this latest move, there have also been several moves that will increase the effectiveness of this organization. One of the most critical moves that has been made is to promote Kevin Seawright to the position of CFO. Kevin Seawright is one of the most qualified candidates in the business. He has left his mark on several towns along the East Coast. In particular, Kevin did a great job in the city of Baltimore. While working for the city of Baltimore, he was able to revitalize the Department of Aging, and he has been complimented by the media for helping to improve the efficiency of that department.
Kevin Seawright is extremely optimistic about the future of Newark. In interviews he has stated just how excited he is to be in this city, and he has already talked to several businesses about the future of this city.
While Newark has seen some tough times in the past, the future of the city is looking up. The Newark Community Economic Development Corporation has put a great deal of effort into ensuring that Newark continues to grow.