Economic Development

Newark is an important economic center for the state of New Jersey. It is home to Port Newark, the largest port on the East Coast and third largest port in the country. Newark has a thriving business community where both major corporations and small businesses boast Newark as their corporate address. The city also has the largest education center in the state with over 50,000 students and faculty at its five colleges and universities. Newark is home to both the premiere arts and cultural center in the state - the New Jersey Performing Arts Center, and, the premiere sports arena in the region - the Prudential Center, home of the New Jersey Devils. The city has flourishing cultural hubs and neighborhoods and is a global transportation hub with immediate access to seven major highways, an international airport and Penn Station. These are the competitive assets that Newark Alliance works in partnership with other entities to leverage into greater economic opportunity.

The Alliance leads a compelling, unified economic development agenda for Newark that brings together local capacity, bolsters investment and tourism, fosters economic inclusion and grows a vibrant Newark population – both downtown and in the neighborhoods. We work with key stakeholders – from local vendors to anchor institutions - to create a cohesive ecosystem that highlights the unique economic advantage of Newark. We aim to build collective action to harness the energy of Newark to support and grow business and innovation, and enhance the quality of place and inclusive economic growth of the city.


The Boyd Company, a leading corporate site selection company, recently noted that Downtown Newark can provide a 20% savings over New York City for a mid-size corporation's operating costs. For a detailed report please contact: with your name, email, phone number, and organization 



In 2009, an update report on OpportunityNewark was published to assess the progress and impact of the action plans.



The 2006 OpportunityNewark report provided a set of action plans in three key areas that could propel Newark's revitalization – Industry Clusters, Business Environment, and City Image and Perception.