Newark, New Jersey, United States

🇺🇸 Newark is the most populous city in the U.S. state of New Jersey and the seat of Essex County. It is one of the nation's major air, shipping, and rail hubs.

Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River (where it flows into Newark Bay) has made the city's waterfront an integral part of the Port of New York and New Jersey. Today, Port Newark–Elizabeth is the primary container shipping terminal of the busiest seaport on the U.S. East Coast. Newark Liberty International Airport was the first municipal commercial airport in the United States, and today is one of its busiest.

Several leading companies have their headquarters in Newark, including Prudential, PSEG, Panasonic Corporation of North America, Audible.com, IDT Corporation, Manischewitz and AeroFarms. A number of important higher education institutions are also in the city, including the Newark campus of Rutgers University (which includes law and medical schools and the Rutgers Institute of Jazz Studies); University Hospital (formerly the University of Medicine and Dentistry of New Jersey which included the schools of medicine and dentistry now under Rutgers University); the New Jersey Institute of Technology; and Seton Hall University's law school. The U.S. District Court for the District of New Jersey sits in the city as well. Local cultural venues include the New Jersey Performing Arts Center, Newark Symphony Hall, the Prudential Center and The Newark Museum of Art.

Newark is divided into five political wards (East, West, South, North and Central) and contains neighborhoods ranging in character from bustling urban districts to quiet suburban enclaves. Newark's Branch Brook Park is the oldest county park in the United States and is home to the nation's largest collection of cherry blossom trees, numbering over 5,000.

Economy More than 100,000 people commute to Newark each workday, making it the state's largest employment centre with many white-collar jobs in insurance, finance, import-export, healthcare, and government. As a major courthouse venue including federal, state, and county facilities, it is home to more than 1,000 law firms. The city is also a college town, with nearly 50,000 students attending the city's universities and medical and law schools. Its airport, maritime port, rail facilities, and highway network make Newark the busiest transshipment hub on the U.S. East Coast in terms of volume.

Though Newark is not the industrial colossus of the past, the city does have a considerable amount of industry and light manufacturing. The southern portion of the Ironbound, also known as the Industrial Meadowlands, has seen many factories built since World War II, including a large Anheuser-Busch brewery that opened in 1951 and distributed 7.5 million barrels of beer in 2007. Grain comes into the facility by rail. The service industry is also growing rapidly, replacing those in the manufacturing industry, which was once Newark's primary economy. In addition, transportation has become a large business in Newark, accounting for more than 17,000 jobs in 2011.

Newark is the third-largest insurance centre in the United States, behind New York City and Hartford, Connecticut. Prudential Financial, Mutual Benefit Life, Fireman's Insurance, and American Insurance Company all originated in the city, while Prudential still has its home office in Newark. Many other companies are headquartered in the city, including IDT Corporation, NJ Transit, Public Service Enterprise Group (PSEG), Manischewitz, Horizon Blue Cross and Blue Shield of New Jersey, and Edison Properties.

After the election of Cory Booker as mayor, millions of dollars of public-private partnership investment were made in Downtown development, but persistent underemployment continue to characterise many of the city's neighbourhoods. Poverty remains a consistent problem in Newark. As of 2010, roughly one-third of the city's population was impoverished.

Portions of Newark are part of an Urban Enterprise Zone. The city was selected in 1983 as one of the initial group of 10 zones chosen to participate in the program. In addition to other benefits to encourage employment within the Zone, shoppers can take advantage of a reduced 3.3125% sales tax rate (half of the 6+5⁄8% rate charged statewide) at eligible merchants. Established in January 1986, the city's Urban Enterprise Zone status expires in December 2023.

The UEZ program in Newark and four other original UEZ cities had been allowed to lapse as of January 1, 2017, after Governor Chris Christie, who called the program an "abject failure", vetoed a compromise bill that would have extended the status for two years. In May 2018, Governor Phil Murphy signed a law that reinstated the program in these five cities and extended the expiration date in other zones.

Newark is one of nine cities in New Jersey designated as eligible for Urban Transit Hub Tax Credits by the state's Economic Development Authority. Developers who invest a minimum of $50 million within 0.5 miles of a train station are eligible for pro-rated tax credit.

Technology industry Technology industry in Newark has grown significantly after Audible, an online audiobook and podcast company, moved its headquarters to Newark in 2007. The company was later acquired by Amazon. Panasonic moved its North America headquarters to the city in 2013. Other technology-focus companies followed suit. In 2015, AeroFarms, a developer of an aeroponic technology for farming moved its headquarters from Finger Lakes to Newark. By 2016, it had built the world's largest vertical farm in a Newark warehouse. The company was recognised in 2019 by Fast Company as one of the world's most innovative companies in data science. Broadridge Financial Solutions, a public FinTech company, announced a relocation of 1,000 jobs to Newark in 2017. In 2021, WebMD, an online publisher, announced that it will relocate and create up to 700 new jobs in the city.

In 2018, Newark was selected as one of 20 finalists for the location of Amazon HQ2, a new headquarters of Amazon. The advantages of Newark included proximity to New York City, lower land costs, tech labor force and higher education institutions, a major airport, and fiber optic networks. The extensive fiber optic networks in Newark started in the 1990s when telecommunication companies installed fiber optic network to put Newark as a strategic location for data transfer between Manhattan and the rest of the country during the dot-com boom. At the same time, the city encouraged those companies to install more than they needed. A vacant department store was converted into a telecommunication centre called 165 Halsey Street. It became one of the world's largest carrier hotels. As a result, after the dot-com bust, there were a surplus of dark fiber (unused fiber optic cables). Twenty years later, the city and other private companies began utilizing the dark fiber to create high performance networks within the city.

As a concentration of technology workforce increased and investments grew in the city, it created an ecosystem for technology startups. Newark Venture Partners, an early-stage venture capital and startup accelerator launched in 2017, invested $42 million in its first funding round in 97 portfolio companies. In 2021, its second funding round raised up to $85 million. VentureLink@NJIT, the state's largest startup incubator, is located in New Jersey Institute of Technology campus. It has partnerships with international organizations such as National Association of Software and Services Companies of India. In 2021, HAX Accelerator, an early stage accelerator focused on hard tech startups, announced that it will create its US headquarters in Newark and build out a facility for industrial engineering, chemical engineering and systems integrators to fund industrial, healthcare, and green tech startups.

Port Newark Port Newark is the part of Port Newark-Elizabeth Marine Terminal and the largest cargo facility in the Port of New York and New Jersey. On Newark Bay, it is run by the Port Authority of New York and New Jersey and serves as the principal container ship facility for goods entering and leaving the New York metropolitan area and the north-eastern quadrant of North America. The Port moved over $100 billion in goods in 2003, making it the 15th busiest in the world at the time, but was the number one container port as recently as 1985. Plans are underway for billions of dollars of improvements–larger cranes, bigger railyard facilities, deeper channels, and expanded wharves.

Education: Universities Newark is the home of multiple institutions of higher education, including: a Berkeley College campus, the main campus of Essex County College, New Jersey Institute of Technology (NJIT), the Newark Campus of Rutgers Biomedical and Health Sciences (formerly University of Medicine and Dentistry of New Jersey), Rutgers University–Newark, Seton Hall University School of Law, and Pillar College. Kean University is located in adjacent Union, New Jersey. Most of Newark's academic institutions are in the city's University Heights district. The colleges and universities have worked together to help revitalize the area, which serves more than 60,000 students and faculty.