Bringing More Opportunities to Newark
Speaking of investment, Mayor Booker shares some of the benefits of moving your business to Newark on his blog.
Newark has so many competitive advantages — they are magnified now in this economy. Our biggest advantages are cost and location — we are the lowest cost location in the region, and so accessible. A company leasing 100,000 square feet of class A space in Newark can save $40 to $70 million over a 10-year period.
Further, with the greatest transportation infrastructure on the East coast, the ability to move goods and people is superior to any other location. We talked very bluntly about this and the many other things that were happening in Newark –- dramatic and record-breaking violent crime reduction, the strength of our workforce, and examples of other companies that are beginning to flow to Newark bringing significant investment and hundreds of jobs (Standard Chartered Bank, law firms like Genova Burns, AMB Warehousing , audible.com, Mimeo, All Hip Hop.com and many others).