Last week, Localtalkmedia.com sat down to interview newly-appointed CEO of Newark’s Community Economic Development Corporation (CEDC). Seawright was installed in the position about six months ago. The new and improved organization was reopened after a five-year hiatus to reorganize and regroup.
According to Seawright, the former Brick City Development Corporation was not fulfilling its original purpose to the community. “This organization was established to help build minority-owned businesses,” said Seawright when speaking to LocalTalkNews. “We now have a new set of goals and new direction.”
The CEDC helps inner-city would be business owners get their business off the ground with loans, training courses and seminars. Seawright assures the clients that the money isn’t a freebie. “We will help you with your business plan, and anything else the client needs. But they have to work for it.” Bringing prosperity back to the community is the organization’s number one priority, according to Seawright. He feels that the newly-revamped organization is fulfilling that goal.
Seawright has over 15 years of experience working with the federal and state government. Before his tenure at the CEDC, he worked for the city of Baltimore. While working for the Office of Retirement and Aging, he implemented an accounting program that helped them save over $100,000.
He also worked with Baltimore’s park service, Housing and Human Development and other local organizations.
Seawright says it has always been his goal to help people who may not have the resources to do it by themselves. “Everyone needs a little help from time to time” said Seawright.
Seawright is a member of the Black Public Accountants and the Society of Black Administrators.
Forefront Capital and its founder, Brad Reifler, have been gaining national prominence and attention after the founding of a new initiative designed to help non-accredited investors enjoy the same return on investment that is usually reserved for the 1%.
Non-accredited investors are classified by the SEC as people who have a net worth less than $1 million and an income that is less than $200,000 if single or $300,000 joint income if they have a spouse. This profile describes around 99% of people in the United States, and has been extensively highlighted these past years through economic reports detailing how the majority of Americans have not been able to enjoy the same increases in net worth as the other 1%.
Reifler and his firm want to change that reality by starting a trust that caters to ordinary individuals and gives them a revolutionary new investment opportunity while minimizing investment-risks. The fund itself requires a minimum $2,500 contribution but charges no fee until customers have experienced at least an 8% return on their initial investment.
The SEC’s definition of an accredited investor has come under scrutiny due to the fact that it was a definition established 30 years ago, when people had less overall investment knowledge and the stock market was not as regulated as it is today.
The Trust is relatively new and is not risk-free, but it includes a team of highly respected investment professionals and has several safeguards in place in order to mitigate risks to investors. It is the goal of Reifler and his firm to become a “firm for the people”. Read more about Brad on his SlideShare.
John Goullet is the principal executive at Diversant. John Goullet is an individual who is a true entrepreneur, and Mr. Goullet began his career as an IT consultant. He was working on his own for a period of time, and he went on to do IT staffing. John Goullet had much understanding when it came to the market trends in the IT sector, and because of that he was able to start a staffing company that focused on IT. That company was called Info Technologies. It was a company that provided IT solutions for Fortune 500 companies all around the world. Within less than 5 Years, Info Technologies was able to make upwards of $30,000. Later in 2010, John Goullett merged with Gene Waddy, and they were able to form Diversant .
The main industries that Diversant works with are the following: banking, manufacturing, financial services, pharmaceutical and biotechnology, retail, telecommunications, government, healthcare, information technology and insurance. Diversant is able to help different companies to fill temporary IT position or permanent IT positions. Diversant is also able to help companies to find the most qualified individuals for their needs.
Diversant is a company that guarantees their candidates. They want to make sure that their clients are getting the right consultant, so they allow their clients to evaluate the candidate for an entire week. If they are not happy with the performance of their candidate, then they will not be charged. Diversant had over 1000 contracted and permanent IT jobs that a business could choose from. They are able to find the perfect fit for any fortune 500 business. For those individuals that are working at Diversant, there are many benefits that can be had. Diversant believes that employee satisfaction is of utmost importance, and they believe in investing in their employees success and also in the growth of their employees.
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Highland Capital Management LP will be one of the buyers when Argentina re-enters the international bond market. The firm manages $19 billion in funds. According to James Dondero, the asset management company will take substantial amounts of the securities. Highland Capital Management had been the largest shareholder of the nation’s $4 billion of notes payable in 2033. That was before blending its holdings.
The company’s plan to invest is good news for Argentina as it tries to trade a record amount of debt to pay holdout creditors including Paul Singer. Additionally, it also shows that the distraught debt investors are likely to remain buyers of its debt. Dondero noted that they plan to hold what they have in the initial bonds as they look to purchase part of the new issuance. He added that they were optimistic concerning the price the debt it where it will trade.
Argentina will issue $11.8 billion worth of bonds. It will yield between 7.5 to 8 percent, according to Ministry officials. The officials noted this while submitting a debt bill meant to initiate a deal with a large number of holdouts. According to Luis Capita, Argentina’s Finance Secretary, the country will trade bonds that will mature in 5, 10, and 30 years. The debt will be issued under New York law.
Highland Capital will win big when Thomas Griesa, U.S. District Judge lifts the ban that is stopping Argentina from paying its debt. In June 2014, Highland procured the 2033 bonds. At the time, they were selling in the mid-70s. Dondero noted that Highland has received annualized returns on the bonds of 20 percent. Additionally, he said that he was tracking investment opportunities in Argentina aside from the sovereign debt. That includes the possibility of starting an Argentina fund. This information was first published on Bloomberg.com
James Dondero is the president of Highland Capital Management. He has a wealth of experience in regard to the credit and equity markets focusing on high- yield along with distressed investing. He has worked in the industry for more than 30 years. Since forming Highland Capital in 1993, James Dondero has been a pioneer in creating credit oriented solution for investors. Additionally, the development of collateralized loan obligation has largely been impacted by James Dondero.
Originally, Dondero worked as a chief investment officer for GIC, as a portfolio manager for American Express, and as a career analyst for the Morgan Guaranty training program. Dondero holds the highest honors in accounting and finance from the University of Virginia. He holds three certifications that include a CPA, CFA, and CMA.
Here is the reference link http://www.bloomberg.com/news/articles/2016-03-08/argentina-luring-highland-shows-distressed-bond-buyers-to-stay