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Newark Announces New Initiative to Fund Businesses Affected by COVID-19 Pandemic

The City of Newark announced today that they will waive specific permitting fees for outdoor special events and activities.

This will reduce the barrier to entry and make participation in outdoor activations easier for struggling local retail and food services businesses that have been impacted by the Covid-19 pandemic.

Officials said Newark will waive fees for businesses hosting events that benefit the community and its residents between September 1 and December 31.  

In order to qualify, the event must be open to the public, benefit Newark residents, and create revenue-generating opportunities for local businesses.

The City will fund the program with American Rescue Plan Act (ARPA) funds. It is one of many initiatives part of Mayor Baraka’s Equitable Economic Recovery Plan announced in June.

According to officials, funding addresses the negative economic impact of the loss of business activity due to government-imposed public health restrictions aimed at reducing the transmission of the virus.

Newark’s pandemic job losses have led to $60-$100 million of lost consumer spending, city officials said.  This has directly impacted local small businesses and the families that rely on them, even after factoring in government benefits.

It has disproportionately affected local restaurants and entertainment, apparel, and personal services businesses.

Reducing the barrier to participate in outdoor activations comes at a small cost to the City and can make a significant impact for local small businesses and neighborhood pride.

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