Uphams Corner nonprofit CEO resigns

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Dorchester Bay Economic Development Corporation (EDC) is looking for a new leader. CEO Perry Newman plans to step down in June after six years at the helm of the group. Newman, 63, said the Uphams Corner-based organization, which has a real estate portfolio and small business loan programs, is in good financial health.

“The stars are aligned for new leadership,” he said in a telephone interview.

A resident of Codman Square, Newman took on the role in December 2015 after working at Combined Jewish Philanthropies and running his own international business development firm, Atlantic Group, in Portland, Maine. He was also for four years Director of International Trade for the State of Maine.

Dorchester Bay EDC was established in 1979, with a focus on affordable housing and economic development. The organization claims to have built or preserved more than 1,100 housing units and 160,000 square feet of retail space. Much of its real estate portfolio is located in Uphams Corner, where the organization is located, and Grove Hall.

Its ongoing real estate projects include 43 senior housing units on Leyland Street, the renovation of the Pierce building in Uphams Corner and 62 affordable housing units and artists’ spaces inside the old building of Citizens Bank at 572 Columbia Road.

The organization recently completed the development of the Indigo block, which includes 80 mixed-income rental housing units and 20,000 square feet of commercial space.

The Small Business Assistance Program has loaned hundreds of small businesses, from “cafes to web designers, underwater marine repair services, to restaurants and auto repair shops,” among others, according to Newman. .

The organization has 30 employees, assets totaling $ 229 million, and an annual operating budget of $ 5.5 million. A 16-member board of directors oversees the operation.

Dorchester Bay EDC said it is looking for someone with at least seven years of senior management experience, preferably in the non-profit sector. The position comes with salaries ranging from $ 190,000 to $ 240,000. Eos Transition Partners is managing the search for the new executive.

Newman praised the Dorchester Bay EDC staff for their work. “Many come from the community we serve and have dedicated their careers to this community,” he said. “I feel privileged to have worked with them and I am truly deeply moved by what they have accomplished.”

As for Newman, he’s still considering his next steps after helping the next CEO get started.

“I like to say that I still have miles left,” he said.

A native of Cleveland, he has lived in Codman Square for the past eight years, Monday through Friday, while returning to Maine on weekends.

“I don’t think I’ll ever be able to get out of Dorchester Bay,” he said. “It was a great experience and I wouldn’t change that at all. “

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