✨ We had an incredible 2024 at GNEC! As we reflect, the year was filled with growth, learning, and meaningful impact. We remained committed to our mission of connecting underserved entrepreneurs in Newark and the Greater New Jersey region with the resources they need to thrive and sustain their businesses. Here’s a look at some of our highlights this year: 🎙️ We shared insights that inspire through our podcasts and launched new podcast shorts. 💻 Supported small business growth and learning with impactful webinars and events. 🎤 Championed bold ideas through our Pitch Competitions, giving entrepreneurs a platform to refine their pitch. 🌞 Nurtured entrepreneurial spirit in the next generation through our Summer Entrepreneurship Institute. Last year, we also welcomed new board members who bring fresh perspectives to support our mission, and introduced new tracks for our BackStop programs, providing comprehensive support to entrepreneurs on their business journey. Overall, the average loan size saw a significant increase of 35.4%, surpassing the previous amount in 2023. We are incredibly grateful for the generous grants from our outstanding sponsors, whose support has been instrumental in driving our progress and success. Every step we’ve taken has been thanks to our amazing community of entrepreneurs, partners, and supporters. It’s not just about milestones, it’s about the people and the purpose driving them. Thank you for being part of our journey. Here’s to even more growth, empowerment, and success in the year ahead! 💛 This is just the beginning. Exciting things are on the horizon for 2025. We invite you to join us as we continue this journey together! #YearInReview #GNECNJImpact #CommunityDriven #EntrepreneurshipJourney #gnecnj
About us
GNEC is a non-profit Community Development Financial Institution (CDFI) developed in 2005, and much more. We are the first step for entrepreneurs who cannot secure financial support from a bank. Plus, we offer access to professional resources to help start-ups launch or established firms achieve their goals. We help entrepreneurs grow economically stable businesses by helping them secure access to capital. We believe that providing entrepreneurs with resources about how to secure capital is critical to closing the racial funding gap and helping them become bankable. We have offered over $3,500,000 in loans and counting, and about 4,000 clients served.
- Website
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https://linktr.ee/GNEC
External link for Greater Newark Enterprises Corporation
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Newark, NJ
- Type
- Nonprofit
- Founded
- 2005
- Specialties
- Microfinance, Economic Development, Small Business Training, and Technical Assistance
Locations
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Primary
211 Warren Street
Suite 423
Newark, NJ 07102, US
Employees at Greater Newark Enterprises Corporation
Updates
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🎉 Happy New Year from GNEC! Today, as we enter a new year, we are proud to remain committed to our mission of supporting underserved entrepreneurs to help them grow successful businesses. Here’s to a year of growth and continued success! #NewYear #GNECNJ #Entrepreneurship #CommunityImpact #Happy2025
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Do you need help estimating your loan payments? GNEC has you covered! GNEC's Free Loan Calculator is easy to use and designed to help you quickly determine your potential loan payments. Whether you are planning for personal or business financing, this resource will give you clarity and peace of mind to make informed decisions. Get started here: https://lnkd.in/esCvX7-w #LoanCalculator #FinancialPlanning #BusinessLoans #SmartBorrowing #FinancialClarity #newarkcdfi #NewarkNJ #Greaternewark #nj #CommunityDevelopment #empoweringentrepreneurs #GNECN #BusinessEmpowerment
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Happy Holidays from GNEC! We want to extend our warmest wishes to our clients, team members, and partners. We hope this festive season brings you joy, peace, and success in the coming year. We thank you all for your continued trust and support. We look forward to continue working with you all to achieve greater things in 2025! #HappyHolidays #Gratitude #BusinessGrowth #ClientAppreciation #SeasonGreetings #GNECNJ #Newarkcdfi #NewarkNJ #Greaternewark #nj #NewJersey
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Have you listened to the latest episode of GNEC's Fund Ready Podcast? In this episode, we dive into Cash Flow Success and share valuable insights for long term growth and stability. This episode is packed with tips to help you better manage your finances and set your brand up for success. Don't miss out! Tune in now and take the first step into mastering your financial future. 🎧 Click the link to listen now! https://lnkd.in/e4-kK7QT #FundReadyPodcast #CashFlowSuccess #FinancialGrowth #BusinessStability #PodcastForEntrepreneurs#GNEC #newarkcdfi #NewarkNJ #Greaternewark #nj #communitydevelopment #EmpoweringEntrepreneurs #GNECNJ #NewJersey
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Understanding your target market is one of the most important steps you can take to help your business grow. In our latest blog, we break down: ✅ The four key components of target market segmentation ✅ Conducting market research ✅ How to adjust your strategies to get the best ROI Whether you're just starting out or looking to refine your approach, mastering your target market is essential to your success. Read the blog and visit https://lnkd.in/ewkPnxPS for more information.
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Who’s your ideal customer? 🤔 The reality is, it's not everyone. Understanding your target market is one of the most important steps you can take to help your business grow. Our latest blog breaks down the four key components of target market segmentation and reveals how to craft a digital strategy that connects with your audience, perfect for both small and established businesses 💡 Learn how to avoid common mistakes, use data-driven tools, and adjust your strategies to get the best ROI. Ready to find your target customers and drive success? 👉 Read the full blog here: [https://lnkd.in/ewkPnxPS ](https://lnkd.in/ewkPnxPS "/linkBuilder_3TF7noCxfufAf9HdnvtAYL") #SmallBusinessTips #TargetMarket #BusinessGrowth #SmallBizGrowth #DigitalStrategy #GNECResources #EntrepreneurshipSuccess #DigitalMarketingTips #KnowYourAudience #EntrepreneurshipJourney #GNECNJ #BlogPost
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It's that time of the year! Your business credit score is crucial to understand your financial standing, as well as securing loans, building relationships with potential investors, and more. Use this resource as an opportunity to identify your current financial standing and take educated steps to continue improving your score. Please beware of scam websites. We suggest using https://lnkd.in/eGU3_7ez as it is an authorized resource by the Federal Law. Make your credit report a part of your strategy and success! #GNECNJ #newarkcdfi #NewarkNJ #Greaternewark #nj #CommunityDevelopment #BusinessCredit #CreditScore #FinancialSuccess #BusinessGrowth #CreditReport #FinancialStrategy #SmartBusiness #EntrepreneurTips #BusinessLoans #FinancialEducation #CreditAwareness #BuildingCredit #SuccessStrategy #SmallBusinessTips #BusinessResources
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Support Local Entrepreneurs and Shop Small This Holiday Season! Rising Tide Capital is excited to invite you to our Holiday Pop-Up Market, a festive celebration of our entrepreneurial community! 🎁 Date: Saturday, December 14, 2024 🎄 Time: 10:00 AM - 3:00 PM 📍 Location: 311 MLK Drive, Jersey City, NJ Join us to: ✨ Shop local for unique, handcrafted gifts perfect for the holidays. ✨ Support small businesses and meet our talented local entrepreneurs. ✨ Network with fellow community partners and entrepreneurs. Let’s celebrate the season while making a big impact on our local economy! Register today at https://lnkd.in/eGg9YgUa We can't wait to see you there and celebrate the entrepreneurial spirit of our community! #RisingTideCapital #ShopSmall #SupportLocal #HolidayPopUpMarket #HandcraftedGifts #SmallBusinessLove
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Greater Newark Enterprises Corporation reposted this
It was wonderful to see so many Newark leaders and friends honoring long-time Greater Newark Enterprises Corporation board member and Newark Regional Business Partnership former CEO and President Chip Hallock at his retirement party. Chip has had a huge impact on GNEC, and we thank him for his stewardship during his 20-year involvement. We wish him the best in his retirement! Onel Villares Therone Hopkins, MBA #Newark #smallbusiness