Newark Leaders Award $2.3M to 8 City-based, Black-Owned Businesses
The City of Newark and Invest Newark have pledged $2.3 million in funding for eight retail businesses as part of a new Retail Reactivation Initiative to increase the number of amenities in Newark’s Arts & Education District.
“Our new initiative reflects a commitment to bring new life into vacant retail spaces and enhance Newark’s physical appearance to enrich the lives of residents, visitors and workers,” said Newark Mayor Ras J. Baraka in a statement. “The entrepreneurs opening businesses in the heart of our Arts and Education District embody the resilience and spirit of our city. Their businesses – which range from new restaurants to spaces for artists and comedians – add even more energy to a District that has become a commercial and cultural hub.”