Steven M. Gomez(Executive Director)
Desiree Sealey (Executive Assistant / Loan Coordinator)
Tesha Kelley (Accountant)
Kevin Chu (Loan Program Coordinator)
Adalberto Alvarez (Business Counselor / TA Coordinator)
Joselito Gallardo (Loan Fund Manager)
Chike Uzoka (Technology Business Support Initiative Program Manager)
Santiago Paniagua (IDUE Spanish Language Program Manager)
Abdulai Hussein (Marketing & Communications Coordinator)
Board of Trustees
Darrell W. Gunter (Chairperson)
A “Digital” publishing marketing executive is one of the leading advocates of consultative sales, search platforms, semantic technology, mobile apps and professional networks in the Digital Information industry. A lecturer at Rutgers and Seton Hall University and is the host of Leadership on WSOU 89.5FM.
Sam Recenello (Vice-Chairperson)
John Suwatson (Secretary)
Mr. Suwatson is an attorney at Genova Burns LLC, where he drafts, analyzes and reviews documents in connection to all aspects of residential and commercial real estate transaction, including leasing and financing. He also counsels commercial and residential real estate owners and developers regarding acquisitions, sales, financing, leasing and development projects.
Sandeep Kancherla (Asst. Secretary)
Mr. Kancherla is an award-winning innovator and hands-on consultant combining technology and personal relationships to achieve client goals. He is a consultant at the boutique website development and online marketing agency, TheDigitalStrategists.com and founding board member of GardenStateApartments.com, NJ Apartment Multiple Listing System based in Newark, NJ.
Chip Hallock (Treasurer)
Mr. Hallock is President of the Newark Regional Business Partnership, a business organization that provides its members with connections, information and advocacy that will enhance their business opportunities, strengthen the region’s business infrastructure and revitalize the City of Newark.
Carlton West, SVP (Board Member)
Mr. West is currently the Chief Information and Operations Officer at City National Bank of New Jersey. City National Bank is a minority owned and managed bank whose mission is to build economic strength and improve the quality of life within the communities they serve.
Dr. Tamara Mangum-Thomas (Board Member)
Dr. Mangum-Thomas is President and CEO of SharpenedImage, Inc. a full service human resource management and human capital organization. Sharpened Image, Inc. provides a full range of Human Resource Management Solutions designed to enhance workplace and workforce productivity and ensure continuity of service across all levels.
Anthony Santiago (Board Member)
Mr. Santiago is the Deputy Chief of Staff-Office of the Mayor for the City of Newark and former Chief Operating Officer of Newark Now, a community based social service agency in Newark that addresses wealth creation and family development of residents of low income communities.
Judith Sheft (Board Member)
Judith Sheft is Associate Vice President Technology and Enterprise Development at the New Jersey Innovation Institute NJIT. She is responsible for NJIT’s Office of Technology Development creating programs focusing on patent creation, valuation, strategic use and protection of IP. She has economic development responsibilities for the university’s high technology business accelerator/incubator EDC, the Procurement Technical Assistance Center and Health IT Connections Program funded by JPMorgan Chase. She is an advisor to NJIT’s Murray Women’s Center, on the Board of Einstein’s Alley and the NJ Entrepreneur’s Network and is a member of the NJ – Israel Commission.
Joanne Pitter Akiwowo (Board Member)
Mrs. Akiwowo is an investment banker with UBS Investment Bank. She is currently responsible for Rates Sales Fixed Income Capital Markets dealing with client coverage for international government bonds and interest rate derivative products, performing proper risk reviews to ensure accurate trade execution, resolving client queries regarding pricing, account set up, and trade settlement.
Greater Newark Enterprises Corporation is a community development corporation, and Certified CDFI, established in 2005. The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and similar provisions of the State code.
GNEC provides financial assistance and training to small businesses in a variety of topical areas, including financial literacy for entrepreneurs, business planning and business management across a myriad of industries.
*We have provided approximately $5M in financing to small businesses.
*91% went to individuals classified as minorities.
*76% of the dollar amounts were made in areas designated as distressed.
*Nearly 400 jobs have been created in the Greater Newark area with these loans.
These loans continue to have a positive impact on the communities they serve. With a strong commitment and dedication to assisting small businesses, the loans make a remarkable contribution to the development of new small businesses and to the expansion of existing businesses by financing things like needed equipment, inventory, or adding working capital. These borrowers could not qualify under regular banking requirements, but because of the GNEC lending activities, small businesses are opening and expanding in and around Newark.
What you have allowed us to do is focus on growing our business. I know this would not have gotten done without this valuable relationship you brought to the table. The services and value GNEC has provided The Box Butler go so far beyond the micro loan made several years ago.
The Box Butler
GNEC has provided structured entrepreneurial training and technical assistance since 2007 under the Urban Entrepreneurs Development Institute (UEDI), reaching more than 500 individuals each year. Services are provided to low- and moderate-income individuals in general as well as to target populations such as young entrepreneurs (aged 18-30), women entrepreneurs, small contractors, and previously incarcerated individuals. In the past three years, GNEC has graduated more than 150 individuals from its entrepreneurial training curriculum.
GNEC has roots in the Central Ward of Newark, NJ and has become a major urban business resource due to its history of providing microloans and delivering effective training and technical assistance resources. The organization is adept at identifying challenges of entrepreneurs, bringing expertise that helps the entrepreneurs address their challenges, and when possible, providing capital to help entrepreneurs start and expand their business.
Economic development is the primary purpose of The Greater Newark Enterprises Corporation, and the organization carries out that mission by financing small business growth and development, job creation, community facilities, and providing financial services for low-income families. GNEC is organized to encourage and assist commercial enterprises, including those owned by minority, women and low-income entrepreneurs possessing the capability to operate successful business concerns.