The Greater Newark Enterprises Corporation ("GNEC") 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. To date, the organization has provided an aggregate amount of approximately $1,092,945 in financing to small businesses. Of that amount, 91 percent went to individuals...