Beginning Monday, the New Jersey Institute of Technology will join a growing citywide initiative introduced to encourage its employees to live locally.
NJIT President Joel Bloom formally announced that the university will provide its faculty and staff with new special incentives as part of its involvement in the Newark Live Local initiative — a community-based program designed to attract full-time employees from participating organizations to live in Newark.
This month’s launch of NJIT’s Newark Live Local program will now provide eligible full-time employees working and living within the program’s designated “program incentive areas” with a one-time incentive of up to $3,000 toward the cost of their housing during the program’s initial one-year pilot period.
The program’s incentives will support both existing renters and new renters who live within those defined incentive areas.
Newark Live Local includes an increasing number of major Newark-based organizations that are now incentivizing employees to become residents and live in the city like, Rutgers University-Newark, RWJ Barnabas Health, Prudential, Audible and the New Jersey Performing Arts Center.
“Live Local takes corporate engagement to another level,” Newark Alliance Chief Executive OfficerAisha Glover said in a statement. “We’ve seen anchor institutions hire locally and contract Newark business owners. Now, we’re seeing them encourage their employees to also make an investment in Newark, to become residents of the city, not just employees.
“We know if you live locally, you’re more invested in the community, you’re volunteering, shopping locally and become part of the fabric of the city,” Glover added.
NJIT’s participation in “Newark Live Local” is part of the university’s ongoing involvement with a broader, comprehensive economic development strategy for the City of Newark: Newark 2020: Hire, Buy, Live Local. Newark Mayor Ras Baraka first announced the three-pronged initiative in 2017 with the aim of employing more local residents, providing greater resources for local businesses and offering greater incentives for city employees to become active Newark citizens.
“NJIT is a part of the vibrant and growing Newark community and we intend to be fully engaged with its growth, particularly through this outstanding initiative that is a collaboration with the city and the Newark Alliance,” Bloom said in a prepared statement. “NJIT’s involvement in Live Local stems from our commitment to the city and our long-standing roots in the community. We believe in the goals, as well as the contributions we can all make towards the city’s positive trajectory.”