Newark Awards $2.3M to 8 Black-Owned Businesses

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The City of Newark and Invest Newark have allocated $2.3 million to support eight Black-owned businesses in the Arts & Education District. The Retail Reactivation Initiative aims to revitalize vacant spaces and enhance the area's vibrancy. The funds will assist businesses with setup costs and include diverse ventures such as restaurants, a beauty bar, a co-working space, and cultural venues. New festival lights on Halsey Street further bolster these efforts.

May 24, 2024

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Newark Awards $2.3M to 8 Black-Owned Businesses

March 1, 2024

The City of Newark and Invest Newark have committed $2.3 million to support eight Black-owned businesses through the Retail Reactivation Initiative, aimed at revitalizing the Arts & Education District.

Mayor Ras J. Baraka praised the initiative for enhancing Newark's vibrancy and supporting local entrepreneurs. The funds, derived from Urban Enterprise Zone reform, will aid businesses with fit-out, furniture, and equipment costs. The awardees include:

  • Newark Culture Club ($120,540): A performance space and craft cocktail bar.
  • Lashed Queens ($38,500): A beauty bar specializing in skincare and aesthetic services.
  • Uncle Willie’s Wing ($229,495): A bar and grill with event space for local artists.
  • Consigliere ($87,500): A wine and tapas bar highlighting African diaspora wines.
  • Casa De Flora ($101,185): A flower boutique and coffee café.
  • Katherine’s Restaurant ($550,000): A restaurant and brewery.
  • Equal Space ($625,000): A co-working space for diverse entrepreneurs.
  • Delta’s ($600,000): A Southern cuisine restaurant with live entertainment.
“These businesses and new lights reflect our commitment to innovation and community,” said Evan Weiss, CEO of Newark Alliance.

Want more? Check out the rest of the Halsey events.

There is something for everyone.

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