The Downtown Newark Partnership is looking for unique, quality businesses. Currently, businesses targeted for recruitment are:
- Apparel and Accessories (Men's, Women's and Children's)
- Home Accessories
- Gourmet Grocery
- Shoes
- Art
- Small Boutique Hotel/Inn
- Craft Stores with Lessons
- Party Supplies
- Paint Your Own Pottery
- Fine Dining
- Gifts, Stationery, Cards
If you are seeking commercial opportunities, Newark is the place to be. The city's retail trade area, demographic profile, and municipal and private facilities make Newark an ideal home for you and your business. Newark is a full-service municipality with extremely low property taxes and cheap, reliable electric service. It has an internationally accredited police department, clean and plentiful water, excess sanitary sewer capacity, beautiful parks and recreation areas, and a vibrant, thriving, exciting downtown.
Among its services to businesses, the city provides special tax incentives for downtown development, offers 0% interest improvement loans for business facades, and manages and operates downtown off-street parking lots, including a discount parking validation program subsidy for local merchants. In addition, targeted businesses are eligible to receive a $1,500 credit/grant toward their City of Newark utility bill. City staff is proud of our community and is ready, willing and able to help quickly guide you through the development review process and site selection.
Check out just some of the reasons you should consider Newark, Delaware for your business:
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Forecast Newark trade area population (2015) —
63%
between the ages of 20–64 = 180,000
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Highly educated population —
55% awarded degrees beyond high school
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Projected average household income (2015) — $ 59,000
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City-wide traffic count — over 200,000 daily trips
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Municipal off-street parking — 651 spaces
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Metered, center-City on-street parking — 385 spaces
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Total retail product demand — $880 million
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Main Street traffic count — 50,000 daily trips
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Downtown University of Delaware garages — 1,304 spaces
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Downtown private off-street parking — 932 spaces
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UD enrollment — full-time undergraduate students — 15,000
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UD enrollment — full-time graduate students — 3,000
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UD faculty and staff — 4,000
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Extremely low unemployment rate — only 2.9%
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Location, location, location
- Wilmington — 18 miles
- Philadelphia — 35 miles
- Baltimore — 68 miles
- Washington, DC — 96 miles
- New York, NY — 134 miles
Best of all, there IS room for you!
