Newark’s Economic Development Catalyst
Newark CEDC, the primary economic development catalyst for Newark, New Jersey, was organized to retain, attract and grow businesses, enhance small and minority business capacity, and spur real estate development within the city. Newark CEDC initiates and executes economic development activities to produce and sustain economic growth, generate jobs and create wealth for the citizens of Newark.
Business Attraction and Retention
We work with companies interested in expanding or relocating in Newark and guide them every step of the way. We introduce business enterprises to the City, its market and its assets. We assist companies with their location decisions including analysis of demographics, economic indicators, workforce information, available buildings and sites and other information relevant to business location decisions.
Newark CEDC helps both developers and businesses tap into Newark's vast development opportunities by assisting with a wide range of services, including site selection, permitting and approvals and gap financing.
Business Development and Entrepreneurship
No business is too small for us to help, whether it's through a loan from our Grow Newark Fund or our Bond Assistance Program for construction industry firms that provides working capital loans, direct bonding assistance and technical assistance. We are deeply committed to helping minority- and women-owned businesses thrive in Newark.