Newark’s entrepreneurial landscape is vibrant, supported by a network of organizations dedicated to fostering business growth and economic development. Whether you’re launching a startup or expanding an existing enterprise, the following resources offer valuable assistance:
Audible’s Business Attraction Program
Audible has invested $4.1 million to support over 30 businesses in Newark, activating more than 95,000 square feet of commercial space and creating or sustaining 174 jobs. This initiative provides grants, mentorship, and networking opportunities to help businesses thrive in the city.
Greater Newark Enterprises Corporation (GNEC)
GNEC offers low-interest loans, business development programs, and workshops on topics like bookkeeping and digital marketing. Their mission is to empower New Jersey businesses by providing capital, community, and support.
Rutgers Newark Small Business Development Center (NJSBDC)
Serving Essex County, the NJSBDC provides strategic business training and technical assistance, including business advisory services, growth management, marketing, and access to capital. Their goal is to help entrepreneurs start and grow sustainable businesses.
The Center for Urban Entrepreneurship & Economic Development (CUEED)
As part of Rutgers Business School, CUEED integrates scholarly work with private capital, government, and non-profit sectors to develop citywide resources. They aim to build a world-class program that transforms Newark’s economy and creates wealth in urban communities.
Invest Newark
Invest Newark assists companies interested in expanding or relocating to the city, offering services like site selection, permitting, approvals, and gap financing. They are committed to helping minority- and women-owned businesses thrive in Newark.
ImpactNJ: Urban Ventures Collaborative
Launched by Seton Hall University, this program offers an 11-month boot camp and mentoring for low-income individuals ready to turn business ideas into viable ventures. It supports entrepreneurs in Newark and surrounding areas, providing training, tools, and mentorship.
Paul Profeta Community Entrepreneurship Program
This free program, developed by Paul Profeta, offers a nine-session workshop covering topics like business viability, legal structures, marketing, and financial analysis. Graduates gain access to coaching, venture loan funds, and online group membership.
SCORE Metro NJ
SCORE provides free, expert business mentoring and practical guidance to entrepreneurs and small business owners in Newark and surrounding communities. Their experienced mentors help clients launch, grow, and scale businesses with confidence.
By leveraging these resources, Newark’s entrepreneurs can access the support and guidance needed to navigate the challenges of business ownership and contribute to the city’s economic vitality.