Economic Indicators for Newark

Economic Indicators for Newark

Prepared by:
Project on Evidence-Based Economic Development

Project Leaders
Prof. Marc Holzer
University Professor & Founding Dean Emeritus, SPAA

Dr. Kelly Robinson
Assistant Research Professor &
Director of Public Data & Institutional Research, SPAA


December 1, 2016


The Project on Evidence-Based Economic Development (PEBED) seeks to provide current, independent and insightful data to economic development decision-makers and citizens throughout the Newark region. The project was established in 2014 with grant funding from the Chancellor’s Office of Rutgers University-Newark. Partners include the Rutgers Business School (RBS), the City of Newark, and the Newark Regional Business Partnership (NRBP).

 

Overview


Newark is New Jersey’s most populous city, and the seat of Essex County. Embedded in the broader New York metropolitan area, yet uniquely New Jersey, Newark offers businesses, labor, and citizens vast opportunities to grow and prosper. At the sametime, there are many challenges that Newark’s communities must overcome to realize these opportunities. This report seeks to provide a fact-based starting point for decision makers to assess and understand better the region’s potential and needs. This project describes detailed data indicators related to economic development in ten subject areas covering everything from business creation to amenities and the environment. For each set of indicators, Newark’s performance is presented in context—compared either to other geographic areas such as the state or nation—or tracked over time to see if conditions are changing. The data used to develop the indicators come from many different sources, but are meticulously referenced. We also provide the reader with brief narratives describing how the data can be interpreted, what their limitations are, etc. Subjects areas include:

Demographics and Diversity

Educational Attainment

Labor Force & Employment

Business Establishments

Anchor Institutions

Criminal Justice

Health Indicators

Housing Indicators

Infrastructure

Amenities & the Environment

Subject to data availability, we have sought to provide the most recent data available down to the scale of municipalities. Because so many different data sources are used, both the scale and release dates of the data in any given subject area vary considerably. PEBED will begin updating the data in 2017 to reflect new data releases. We also hope to complement the tabular and graphic data with detailed maps of key indicators. Questions about the data should be referred to Dr. Kelly Robinson at krobins@rutgers.edu. If you find the data useful, lets us know. If you are interested in supporting our updates or extensions of this work, please let us know as well. We are actively seeking sponsors at this time.

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