Opportunity Newark - Initiative for a Competitive Inner City
Opportunity Newark - Initiative for a Competitive Inner City
Opportunity Newark - Initiative for a Competitive Inner City
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The Cluster Action Teams provided a <strong>for</strong>um to brainstorm,<br />
plan and execute a strategic plan in a collaborative manner.<br />
A Strategy Board consisting of approximately 50 well-connected<br />
business, government, academic and civic leaders<br />
met regularly to provide guidance to the action teams’<br />
work and ensure plans were linked to existing resources<br />
and initiatives.<br />
Throughout the 18-months of strategic planning, <strong>Opportunity</strong><strong>Newark</strong><br />
participants reviewed a considerable amount<br />
of data to in<strong>for</strong>m the recommendations described in the<br />
action plans found in the subsequent pages.<br />
Transportation, Logistics<br />
& Distribution Services<br />
<strong>Newark</strong>’s port, as the largest on the East Coast and the 3rd<br />
largest in the country, is an important competitive advantage<br />
<strong>for</strong> the city. Foreign trade coming through the port<br />
is expected to double by 2020, creating many business<br />
and employment opportunities. To prepare <strong>for</strong> this growth,<br />
port leaders have planned more than $1 billion in investments<br />
that will increase port capacity and accommodate<br />
large freighters. The Portfields and Portways initiatives<br />
are already rehabilitating lands in the port area in order to<br />
Fig. 5: State of the Transportation, Logistics & Distribution Services Cluster in <strong>Newark</strong><br />
Related &<br />
Supported Industries<br />
Marketing & Advertising<br />
• Need <strong>for</strong> increased cooperative<br />
sales ef<strong>for</strong>ts<br />
• Opportunities exist to target<br />
key segments<br />
Trucking Companies &<br />
Integrated Carriers<br />
• High-turnover rates<br />
• Difficulty finding local workers<br />
to pass background checks and<br />
training programs<br />
Warehouses &<br />
Distribution Centers<br />
• Need access to large parcels of<br />
land to develop<br />
• Land cost and access to labor<br />
two of biggest site selection<br />
concerns<br />
Light Assembly<br />
• Provide good paying jobs with<br />
minimal skill requirements<br />
• Higher employment per square<br />
footage ratio than traditional<br />
warehouses<br />
Government & Supporting Elements<br />
• CEDS is identifying sites <strong>for</strong> industrial<br />
and commercial use to help the port fully<br />
leverage its growth potential<br />
• Strong initiatives in developing port area<br />
• Policies regarding land use and<br />
environmental conditions of parcels can<br />
expedite development<br />
• Need <strong>for</strong> increased incentive programs<br />
The Port of <strong>Newark</strong> / Elizabeth<br />
Land Sea Air<br />
• Expanding as<br />
US gateway <strong>for</strong><br />
international cargo<br />
• Collaborative projects<br />
to expand port<br />
operations <strong>for</strong><br />
increased cargo<br />
shipments<br />
• Facing work<strong>for</strong>ce<br />
shortages<br />
• Companies face<br />
many barriers to<br />
developing near port<br />
• Need variety of<br />
ancillary services<br />
and support<br />
Intermediaries (e.g., NJEDA, NJTPA,<br />
NYSA, PANYNJ, WIB)<br />
• Strong intermediaries provide various<br />
types of support, yet companies need help<br />
accessing / learning about options<br />
Key<br />
Customers<br />
End Consumers<br />
• Strategic location on eastern<br />
seaboard in one of largest<br />
consumer bases in US<br />
• Close to NYC business and<br />
consumer markets<br />
National Retailers<br />
• Looking <strong>for</strong> alternative to<br />
West coast access to consumer<br />
markets<br />
• Importing goods in need of<br />
final assembly<br />
• In need of space to consolidate<br />
operations under one roof (e.g.,<br />
warehousing and office space)<br />
International Consumers<br />
• NJ companies export variety of<br />
high-value goods internationally<br />
(e.g., pharmaceuticals)<br />
<strong>Opportunity</strong><strong>Newark</strong>: Jobs and Community Development <strong>for</strong> the 21st Century 10