Newark Mayor Launches Neighborhood Investment Program

NEWS | CHARACTERISTICS | PREVIEWS | EVENTS



originally published: 03/13/2022

(NEWARK, NK) — On March 11, 2022, Newark Mayor Ras J. Baraka announced the launch of his Neighborhood Investment Program with the release of an $820,000 Request for Proposals (RFP). $ for initiatives that strengthen Newark’s trade corridors and help small businesses recover from the effects of COVID-19. The Neighborhood Investment Program, administered by the Department of Economic Development and Housing (EHD), is a critical part of Mayor Baraka’s $8.8 million equitable economic stimulus plan to strengthen Newark’s economy. and providing assistance to the communities hardest hit by the pandemic.

“Before COVID, some of our neighborhood retail hallways needed remodeling. This investment will give our small businesses the support they need to grow their work and ensure they not only recover, but come back even stronger,” said Mayor Baraka. “This collaboration of the City and experienced community groups is another step towards building an equitable post-pandemic future for our neighborhoods.

“Our neighborhood retail corridors are the lifeblood of Newark,” said Deputy Mayor for Economic Development and Housing Allison Ladd. “The Neighborhood Investment Program will fund real solutions developed and implemented in partnership with community organizations that know our neighborhoods best. This is one of the largest investments the City has ever made to support trade corridors. »

“Mayor Baraka has kept small businesses and our shopping districts at the center of his administration, even as COVID has wreaked havoc on small businesses around the world. He knows exactly what they need and he responds,” said Tomilola R. Ogundare, owner of Mama Afrika Food.

“The nonprofit community development sector, with longstanding agencies throughout Newark, welcomes Mayor Baraka’s creation of the Neighborhood Investment Program. Focusing on working with local community groups to help stabilize, support and grow trade corridors is essential to the full and equitable development of neighborhood areas across the city. We appreciate the mayor’s commitment to working with community groups to forge a collective vision and reality of an equitable city,” said Richard Cammarieri, director of community engagement for New Community Corporation and president of the Newark Community Development Network. .

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Through this RFP, the city is seeking applications from community organizations that have experience serving Newark’s business districts. Organizations can submit proposals in the following five neighborhood investment program areas:

● Building retail loyalty and reducing vacancy

● Physical improvement of public space

● Programming of events and public spaces

● Awareness, engagement and support of small businesses to improve performance

● Financial planning and organizational capacity building

The neighborhood investment program uses federal funding from the 2021 U.S. bailout legislation and is part of Mayor Baraka’s fair economic stimulus plan, which was developed in conjunction with Bloomberg Associates, the consulting arm pro bono from Bloomberg Philanthropies. He works with cities and mayors around the world.

Eligible sponsors include, but are not limited to: Special Improvement Districts, Business Improvement Districts, and Community Development Corporations. The city encourages nominations that reflect the needs and concerns of the diverse communities that exist in Newark. The deadline to apply is Thursday, April 7 at 10:15 a.m. Tender is available here.

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