NEWARK, NJ - City business owners will be able to learn best financial practices through an eight-week program hosted at Newark Community Economic Development Corporation's (NCEDC) offices.
The city is partnering with the NCEDC and TD Bank for the "Language of Capital" program. Classes begin on July 1 and will take place from 6 p.m. to 7:30 p.m. at 111 Mulberry St.
The classes will teach business owners how to manage their personal and business finances and credit. Businesses will also learn how to assess their financial needs and how to become profitable.
NCEDC is an organization that works to promote only Newark's economic development. NCEDC President Bernel Hall emphasized that the classes could prop up the city’s minority and women-owned business enterprises (MWBE).
“Statistics prove that local entrepreneurs hire local, shop local, and live local,” Hall said. “An investment in small and MWBE business development is an investment in Newark’s continued socioeconomic resurgence. We’re excited about our partnership with TD Bank and encourage all business owners to take advantage of this tremendous growth opportunity.”
There will also be lessons on how to conduct a market and competition analysis and how to devise a business plan.
“Creating an empowered and equitable city includes providing entrepreneurs with the tools they need to thrive,” Mayor Ras Baraka said. “In turn, they will generate jobs for residents and attract shoppers to all of our neighborhoods.”
Participants should bring their own laptops and any business documents they have. Free parking is available after 6 p.m. on Park Place and Mulberry, Market, Commerce and Halsey streets.
To RSVP or to learn more, email CUzoka@NewarkCEDC.org.