Newark’s Community Economic Development Corporation (CECD), formerly known as The Brick City Development Corporation, is reopening after a long hiatus. The company has undergone a complete revamping that includes 11 new board members. The city of Newark is the CECEs sole client, and the state’s primary economic catalyst.
The CEDC offers a number of community services including business attraction and retention, real estate, small business development, neighborhood development and industry focus. The CEDC works primarily with business seeking to relocate their business to the Newark area. Real estate developers are also assisted in areas such as site approval, permits and gap financing.
The CEDC has recently brought in an expert on financial management and development, Kevin Seawright. The Baltimore native brings a wealth of experience with him having served the people of Maryland for nearly 15 years. In his most recent job as Baltimore’s Fiscal Management Officer at the Commission on Aging and Retirement, he implemented a number of directives that saved the city money.
Seawright has also provided his expertise to a number of other Baltimore organizations including the Department of Parks and Recreation and The Housing Authority of Baltimore City. He currently sits on a number of boards in the Baltimore area and completed his MBA at Notre Dame.
The CEDC believes that all the city’s wards are viable for economic development. Economic developers for each ward will use their expertise to implement community development so that residents will reap the highest possible gains. CEDC also recognizes the important of industry focus. Priorities are placed on arts and entertainment, ports, higher education and manufacturing.