Invest Newark, Audible and Newark Venture Partners on Monday said they partnered to virtually assist Newark-based businesses in obtaining federal, state and local COVID-19 funding. Free support will be offered to business owners on how best to access relief funding amid related economic challenges associated with the pandemic.
A new website – InvestNewark.org – will feature a business portal and business directory to spur Newark Mayor Ras Baraka’s “Buy Local” initiative. This portal will centralize private and public procurement opportunities, allowing large corporate and government interests to offer bidding opportunities to Newark’s small business community.
The Newark Business Directory will boost the exposure and digital footprint of Newark-based businesses while limiting their marketing costs.
“Whether it’s helping small businesses secure new contracts or capital, Invest Newark works with our public and private partners to give Newark businesses the resources necessary to meet the demands of the current economy,” said Bernel Hall, president and chief executive officer of Invest Newark.
“Through numerous initiatives, such as the collaboration with Audible and Newark Venture Partners, we are committed to providing Newark businesses with the tools necessary to sustain economic growth in the midst of unforeseen circumstances,” said Baraka in a prepared statement.
“I’m proud to join forces with Newark Venture Partners and Invest Newark to protect the financial health of small businesses, which are integral to weaving together the tapestry of this great city,” said Don Katz, Audible founder and executive chairman.