Newark’s entrepreneurial landscape is vibrant, supported by various initiatives aimed at fostering business growth and community development.
Entrepreneurship Pioneers Initiative (EPI)
Launched by Rutgers Business School’s Center for Urban Entrepreneurship & Economic Development (CUEED), the EPI program has supported over 300 first-generation entrepreneurs. It offers mentorship, business education, and strategic guidance to help small businesses thrive. Notably, participants like Lina Escobar of Sweet Aurora Soap and Candle and Brenda Nava of Daniela Event Design & Party Rental have benefited from grants to expand their ventures. Learn more about EPI.
GlassRoots’ Youth Entrepreneurial Spirit (YES) Program
GlassRoots, a Newark-based glass arts education studio, offers the YES program to high school students. This initiative combines art-making with business development fundamentals, empowering youth to explore entrepreneurial paths within the arts sector. The program has recently expanded to include local glass artists, providing students with diverse perspectives and experiences. Discover more about the YES program.
EqualSpace’s ES550 Tech and Innovation Campus
EqualSpace, a co-working and innovation hub, has secured a $625,000 grant from the City of Newark to establish ES550, a new tech and innovation campus at 550 Broad Street. This initiative aims to provide resources and support for tech entrepreneurs, fostering innovation and economic growth in the city. Read about ES550.
These programs exemplify Newark’s commitment to nurturing its entrepreneurial community, offering resources and opportunities for both emerging and established business owners.