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Invest Newark Launches Region’s First Land Bank to Revive and Provide Equitable Opportunity to City’s Abandoned Properties
NEWARK, NJ (March 2, 2021) — Invest Newark today launched the Newark Land Bank, an initiative championed by Mayor Ras J. Baraka to improve the quality of life for Newark residents. The Land Bank will lead the way to begin the post-COVID economic recovery of Newark by boosting home ownership and creating affordable and market rate housing.
CITY OF NEWARK AND INVEST NEWARK WIN $75,000 AWARD TO ADVANCE HOUSING AFFORDABILITY SOLUTIONS
NEWARK, NJ (January 25, 2021) — Mayor Ras J. Baraka announced today that the City of Newark and Invest Newark were named one of eight recipients of the 2021 CommunityWINS® grant program, a joint effort by the U.S. Conference of Mayors and Wells Fargo to advance housing affordability solutions in local communities. The grants totaling $1 million recognize outstanding mayoral-based initiatives that assist their city in reducing the cost burden of housing and increase access to safe, affordable places to live.
Invest Newark Launches Dedicated Website for the Newark Land Bank
NEWARK, NJ (January 21, 2021) — Invest Newark today launched a dedicated website for the Newark Land Bank, an initiative championed by Mayor Ras J. Baraka was created to improve the quality of life for Newark residents by boosting home ownership, reducing blight, creating affordable and market rate housing, increasing M/W/DBE developer or subcontractor capacity, and more.
New Jersey Devils Buy Black Program Now Accepting Applications From Local Black-Owned Businesses Through February 2
NEWARK, NJ (January 18, 2021) — The New Jersey Devils announced today, Martin Luther King Jr. Day, that the team will begin accepting applications for the Devils Buy Black Program in continuance of Harris Blitzer Sports & Entertainment’s action plan and 20 million-dollar commitment to racial equity. All interested applicants may apply at NewJerseyDevils.com/buyblack. The Devils Buy Black Program was developed to promote local, Black-owned businesses and provide them with expert marketing consultation, advertising value, educational programs and additional tools to succeed. Applying businesses will become eligible for other resources such as grant opportunities, assistance accessing Payroll Protection Program loans, networking events, and future Devils business programs.
All applying businesses will be invited to participate in education and development programs as well as other Devils small business programs, including a partnership with Invest Newark, a local community nonprofit focused on supporting minority businesses and entrepreneurs, which will offer support applying for and accessing Payroll Protection Program loans.
Invest Newark Announces Three New Board Members
Newark, NJ (December 28, 2020) — Invest Newark is pleased to announce three new Board Members, Carlos M. Gonzalez, At-Large Council Member, Richard Cammarieri, Director of Special Projects for New Community Corporation (NCC) and Dr. Kevin Lyons, Associate Professor PP, Supply Chain Management Department and Director, Public Private Community Partnerships, Rutgers Business School.
United Way of Greater Newark Releases First-Ever Report on Impact of COVID-19 on Small Businesses in Newark (Invest Newark Partnership)
Newark, NJ (November 16, 2020) — Today, United Way of Greater Newark (UWGN) released its first-ever “COVID-19 Emergency Small Business Grants Program 2020 Report,” detailing the economic impacts of COVID-19 on small businesses, both nationally and in Newark, including the industries that were hardest hit by the pandemic, and next steps for rebuilding as the City faces a long road to recovery.
At the start of the pandemic, UWGN partnered with the City of Newark and Invest Newark to launch its Community COVID-19 Fund to support local community members, organizations and small businesses impacted by the pandemic.
CITY OF NEWARK LAUNCHES $100 MILLION ‘NWK FAM FUND’
Newark, NJ (September 28, 2020) — In a first of its kind initiative, Mayor Ras J. Baraka, Invest Newark, and co-partners announced the launch of the “NWK FAM Fund” (Newark 40 Acres and a Mule Fund), with Reverend Al Sharpton standing in support of the Fund and the economic justice it will provide. The press conference took place in the Municipal Council Chambers in City Hall.
Black and employee-owned business born in Newark amid pandemic
Newark, NJ (August 27, 2020) — While many businesses are struggling to survive right now, one business in Newark started up in the middle of the pandemic.
It’s called the Newark Paper Company, which is structured to turn all profits over to the employees who work there. It’s the city’s first employee stock owned company.
Invest Newark and New Jersey Community Capital Launch the Invest Newark Infrastructure Fund
Newark, NJ (August 27, 2020) — Invest Newark, the City of Newark’s Economic Development Corporation, recently announced a partnership with New Jersey Community Capital (NJCC), the state’s largest Community Development Financial Institution, to launch the Invest Newark Infrastructure Fund (INIF), initially capitalized with $2 million. INIF’s purpose is to stimulate economic development and infrastructure activities throughout the City of Newark, with the primary focus of providing capital and back-office support to Newark-based Minority and Women-Owned businesses (MWBE’s) that acquire government or quasi-government contracts for infrastructure projects in Newark and other municipalities.
CITY OF NEWARK, INVEST NEWARK AND NEWARK HOUSING AUTHORITY ANNOUNCE PARTNERSHIP TO ACHIEVE HOME OWNERSHIP FOR LOW-INCOME FAMILIES
Newark, NJ (July 17, 2020) — The City of Newark, Newark Housing Authority, and Invest Newark (Newark’s Economic Development Corporation), have launched a first-of-its kind program to provide eligible Section 8 recipients, with the opportunity to use their vouchers to purchase their first home.
Invest Newark to host webinar on Sean ‘Diddy’ Combs’ PPP initiatives
Newark, NJ (April 28, 2020) — Invest Newark announced on Monday it will host a webinar in partnership with Combs Enterprises to provide guidance for Newark minority- and women-owned small businesses on the U.S. Small Business Administration’s Payroll Protection Program.
Newark Mayor and Invest Newark Host Webinar Featuring Sean "Diddy" Comb's Payroll Protection Loan Initiative On April 28
Newark, NJ (April 27, 2020) — Invest Newark, Newark’s Economic Development Corporation, will host a webinar in partnership with Combs Enterprises to provide Newark minority-owned and women-owned small businesses with guidance on the SBA’s Payroll Protection Program (PPP).
Music mogul’s PPP iniative teams with Invest Newark, Baraka for webinar
Newark, NJ (April 27, 2020) —Invest Newark will host a webinar with Combs Enterprises to provide Newark minority-owned and women-owned small businesses with guidance on the Payroll Protection Program on April 28 at 4 p.m.
Big-city buy-in: Newark leaders say investing more B2B dollars locally would key post-pandemic recovery
Newark, NJ (April 17, 2020) — Invest Newark joins Newark Alliance, mayor’s office to create procurement portal to help long-term viability of small businesses, push Baraka’s ‘Buy, Live, Work’ initiative
Invest Newark, Audible and Newark Venture Partners Launch Small Business Guidance Program
Newark, NJ (April 13, 2020) — Invest Newark, Newark’s Economic Development Corporation, today announced a partnership with Audible and Newark Venture Partners to provide business owners with access to free virtual guidance to help them navigate the economic challenges associated with the COVID-19 pandemic.
Invest Newark to take charge of city’s land bank redevelopment program
Invest Newark to take charge of city’s land bank redevelopment program A state law Gov. Phil Murphy signed in July would allow organizations such as Invest Newark, or local government bodies, to act as “land banks” and acquire abandoned and vacant properties and revitalize them into sites that benefit the neighborhood, be it housing or businesses.
Newark land bank effort: A plan to rebuild the Brick City
A series of forums is underway in Newark to get community buy-in for the city’s new “land bank” initiative, which proponents say will be a powerful tool in combating the abandoned properties and blight that afflict many of the city’s neighborhoods. “A land bank is basically a not-for-profit that assembles land that the city has had a…