The City of Newark and State of New Jersey are aggressively luring business to the region. Newark CEDC helps to coordinate efforts between different levels of government to ensure that we remain competitive. Some of the incentives include tax credits for job creation, property tax abatements in exchange for more predictable PILOT payments, bond financing and more.
A new program launched by Mayor Baraka will abate payroll taxes for companies that hire a majority of Newark residents. This will not only make Newark a more attractive place to do business but will directly benefit Newarkers.
If you’re looking to relocate your business or want to build ground up, you need to contact the Real Estate Development team at Newark CEDC. Our knowledgeable staff will help to identify available parcels throughout the city that are suitable for your project.
We offer technical assistance for a fee for your development needs. Please come in to discuss your project and we can help you determine a strategy to best get your development completed.
Approvals and Permitting
If you need guidance navigating the approval and permitting process, Newark’s Real Estate Development team is here to help. Our expertise and relationships with all relevant city departments will help move your project along.
If your project has gaps in financing then we can help you source funds and grants.