Invest Newark, Audible, Newark Venture Partners to launch small business guidance program

By Emily Bader
Newark | Apr 13, 2020 at 1:43 pm

Invest Newark announced on Monday it has partnered with Audible and Newark Venture Partners to launch a small business guidance program focused on navigating the economic challenges in association with COVID-19.

The website will feature a business portal and directory to enhance the city’s “Buy Local” initiative. The portal will centralize private and public bidding opportunities and the directory will boost the exposure and digital footprint of Newark-based businesses while limiting their marketing budget.

“The new website — InvestNewark.org — will provide critical resources for small businesses to generate jobs and create wealth for the citizens of Newark.” Bernel Hall, CEO and president of Invest Newark, said. “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.

The program will assist Newark-based businesses in obtaining federal, state and local COVID-19 funding.

“The City of Newark’s efforts are invested in a coordinated response to the challenges presented by this coronavirus pandemic,” Newark Mayor Ras J. Baraka said.  “Public and private partners are working together to ensure the overall well-being of Newark businesses and residents.  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.”

Free support will be offered to business owners on how to best access relief funding.

“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,” Don Katz, founder and executive chairman, Audible, said. “We hope the expertise of our dedicated coaches can help them manage through this historic crisis and access the relief they need to sustain jobs and revenue to the benefit of all Newarkers.”

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Emily Bader | ebader@roi-nj.com | @emilybader