Working in Newark - Brick City Development Corporation - BCDC

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• published: 29 May 2012
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http://www.bcdcnewark.org Twenty-one minutes from New York City, Newark has a large workforce for every type of industry. Mass transportation makes it easy for employees to commute to and from work. Here from business owners in Newark to hear why they know they are in the best city in the nation. At the core of the workforce are City's residents. Our city is also unusually diverse, with 24% of its residents foreign-born and 43% speaking a language other than English at home. Businesses in Newark benefit greatly from the City's location and intellectual capital. They also can easily attract workers from New York City given its close proximity and a superb public transit system that makes it possible to make the commute in 15 minutes. Many of the 50,000 employees now working downtown -- from high-end financial and insurance executives to administrative staff -- come from beyond Newark's city limits. Companies can easily recruit among the 10,000 graduates, including newly minted MBAs and lawyers, which the six colleges and universities in Newark churn out each year. They can also take advantage of a vast intern and alumni network, as well as continuing education and degree-track programs at the leading institutions. Six colleges and universities give Newark the distinction of being New Jersey's largest education center. Clustered in the University Heights neighborhood, the schools are immediately adjacent to downtown Newark and are linked directly to the business core by subway and bus. Approximately 60,000 students and faculty from 50 states and six continents converge on the campuses, bringing with them energy, intellect and a youthful sense of possibility. The colleges and universities have also invested hundreds of millions of dollars in Newark in recent years, expanding facilities, creating laboratories and updating dormitories. Perhaps most notable has been the creation of University Heights Science Park, a collaborative initiative spearheaded by the Council of Higher Education in Newark (CHEN). When complete, the $350 million project will encompass 1 million square feet of high-tech laboratories and offices, 75,000 square feet of technology incubator space, two blocks of housing and a new 800-student, technology-oriented high school. Two incubators at Science Park have already opened their doors and are now home to more than 50 technology start-ups. A newly announced commercial office building -- the Digital Century Center -- will provide 100,000 square feet of space for technology companies that have gone beyond the incubation stage. Newark boasts not one, but two train stations. Newark Penn Station sees an average of 75,000 passengers each day from multiple rail lines. It is connected directly to more than 2 million square feet of Class A office space at the Gateway Center and Legal Center and is a five-minute walk to the Prudential Center arena. The Newark Broad Street Station is located in the northern part of downtown near the Newark Bears Riverfront Stadium, Washington Park and the University Heights neighborhood. More than 950 trains pass through the station weekly. Also servicing 15 different bus routes, the station is currently undergoing a $73 million upgrade. One of America's top five busiest international gateways, Newark Liberty International Airport (EWR) handles more than 30 million passengers annually and is home to 48 commercial airlines providing nonstop service to hundreds of destinations spanning the globe. It is a Continental Airlines hub, major cargo hub for FedEx, UPS and United Airlines and now ranks as the 10th busiest airport in the United States. The airport is located just 13 miles west of midtown Manhattan -- making it the closest airport to New York City -- and is just a six-minute commute to downtown Newark via a monorail system called AirTrain Newark. This train connects to Amtrak, NJ Transit and PATH trains so passengers can continue seamlessly to virtually any place in the world.