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Newark May Get a Boost From Investors with New Federal Program

July 16, 2018

NEWARK, NJ - Newark could soon see a boost in long-term investments due to federal legislation that created certain tax exemptions for private investors.

In April, the federal treasury department approved low-income Opportunity Zones in 75 municipalities throughout New Jersey that were nominated by Gov. Phil Murphy. Thirteen of those zones are designated in Newark.

MORE: View a ...

Newark Lures Amazon With $1 Billion Payroll Tax Incentive

NEWARK, NJ - Amazon will get a payroll tax break at a cost of $1 billion to the city should the company open its second headquarters here.

It’s one of two ordinances that were approved by the Newark City Council council to sweeten the deal for the corporate giant and stand out among other locations vying for Amazon’s so-called HQ2.

“The City Council has brought Newark a ...

What's Next For Newark's Little Theatre? New Owners Consider Options

NEWARK, NJ - The site of the historic Little Theatre has been bought by a management and development company that’s gaining a presence in the city. 

Paramount Assets about two weeks ago bought the property that includes the four-story office building adjacent to the theater and the former Broad Street Cafe, the company announced. The company is still considering what to do with the ...

Co-working space Launch Pad officially opens in style

Newark, NJ—Scores of residents and entrepreneurs from the city attended a ribbon cutting ceremony and celebration for the opening of Launch Pad, a co-working space located in the Hahne & Co building on Halsey Street.

The event, held at the Launch Pad Newark on Wednesday night, featured a live band, food and drinks. Mayor Ras J. Baraka, Launch Pad CEO Chris Schultz, Phone.com ...

Facebook Provides Verification Badges for All TAPinto Facebook Pages

TAPinto and its 75 partner sites have been verified on Facebook with the social media platform's blue badge, which is given to news organizations that meet Facebook's authenticity criteria. 

Facebook gives the blue verification badge to "eligible brands, media organizations and public figures," based on factors that include policy compliance and public ...

Governor signs bill reactivating Newark's urban enterprise zone

Gov. Murphy Wednesday signed legislation reactivating Urban Enterprise Zones for five years in five communities across the state, including Newark.

The legislation, co-sponsored by Assemblywoman Eliana Pintor Marin, a Democrat from Newark, allows qualifying businesses in the UEZ to charge and collect the state’s sales and use tax at one-half of the normal rate. 

"I want to ...

Amazon’s Career Choice program wins “Community Excellence” award

EDISON, NJ - Amazon’s Career Choice program recently received the “Community Excellence” award from the New Jersey Community College Consortium for its impact on the local community.

Steven Johnson, Amazon’s Director for Associate Development, was on hand to accept the award and lead a panel discussion on how the program provides trained, motivated employees for ...

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July 12, 2018

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