New fund will make loans up to $400,000 available to small
business owners in Newark
Mayor Cory A. Booker, Municipal Council President Donald M. Payne, Jr.,
Deputy Mayor for Economic Development Adam Zipkin, Brick City
Development Corporation CEO Lyneir Richardson, Prudential Financial Vice
President of Corporate Social Responsibility Lata Reddy, New Jersey
Community Capital President Wayne T. Meyer, and other dignitaries will
launch the BCDC Newark Fund on Monday, July 30, at Noon,
at 744 Broad Street, the Mezzanine, in Newark.
Capitalized by the social investment group at Prudential Financial,
Inc., the BCDC Newark Fund is a loan fund created and managed by New
Jersey Community Capital in partnership with Brick City Development
Corporation. The mission of the Fund is to retain, attract and grow
businesses, enhance small and minority business capacity, and spur real
estate development by providing loans up to $400,000 to Newark-based
businesses.
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WHO:
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Mayor Cory A. Booker, Municipal Council President Donald M.
Payne, Jr., Deputy Mayor for Economic Development Adam Zipkin,
Brick City Development Corporation CEO Lyneir Richardson,
Prudential Financial Vice President of Corporate Social
Responsibility Lata Reddy, New Jersey Community Capital President
Wayne T. Meyer, and other dignitaries.
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WHAT:
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Will launch the BCDC Newark Fund.
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WHEN:
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Monday, July 30.
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Noon
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WHERE:
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744 Broad Street
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Mezzanine
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Newark
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MEDIA NOTE:
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Media Parking is available in area garages.
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-NEWARK-
For more information on the City of Newark, please visit our website at www.ci.newark.nj.us
