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class="SingleNewsTitle_SingleNewsTitle__Img__tw1vw "><div style="position:relative"><img src="//images.ctfassets.net/3sa0209epr53/3nFZzbLGv7Q3Rl6QnmwmrH/56fddaaa7229343de57b5ea4af6b900c/Logo_-_Deal_Announcement.png?w=1060" alt="Collage of people posing in office space"/></div><figcaption>From top left to bottom right: The co-founders of pocstock, AlphaROC, Equal Space, and Sweet Jeans Macaron + Coffee Bar.</figcaption></figure><time class="SingleNewsTitle_SingleNewsTitle__Date__BzhSe">April 29, 2024</time><ul class="SingleNewsTitle_SingleNewsTitle__SocialList__46Y8C"><li class="SingleNewsTitle_SingleNewsTitle__Social__1xEEz"><a href="https://facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.audible.com%2Fabout%2Fnewsroom%2Faudibles-business-attraction-program-welcomes-latest-companies-to-newark" target="_blank" rel="noopener noreferrer" aria-label="Share on Facebook"><div class="Icon_Icon__IFUNn Icon_Icon--dark__0KoPE"><svg xmlns="http://www.w3.org/2000/svg" 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xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14 13"><path fill="currentColor" fill-rule="evenodd" d="M7.8 4v1.4C8.2 4.7 9.1 4 10.5 4c3 0 3.5 1.8 3.5 4.2V13h-2.9V8.7c0-1 0-2.3-1.5-2.3S7.9 7.5 7.9 8.7V13H5V4h2.8zM3 4v9H0V4h3zM1.5 0C2.3 0 3 .7 3 1.5S2.3 3 1.5 3 0 2.3 0 1.5.7 0 1.5 0z" clip-rule="evenodd"></path></svg></div></a></li><li class="SingleNewsTitle_SingleNewsTitle__Social__1xEEz"><a href="mailto:?subject=Audible%20Newsroom%20-%20Audible%E2%80%99s%20Business%20Attraction%20Program%20Welcomes%20Latest%20Companies%20to%20Newark&body=https%3A%2F%2Fwww.audible.com%2Fabout%2Fnewsroom%2Faudibles-business-attraction-program-welcomes-latest-companies-to-newark" target="_self" aria-label="Share by E-Mail"><div class="Icon_Icon__IFUNn Icon_Icon--email__4meML Icon_Icon--dark__0KoPE"><svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" viewBox="0 0 30.02 29.96"><defs><path id="SVGID_1_" d="M24.49 14.11l-17.9-9c-.9-.4-1.9.4-1.5 1.3l2.5 6.7 11.4 1.9-11.4 1.9-2.5 6.7c-.3.9.6 1.7 1.5 1.2l17.9-9c.7-.3.7-1.3 0-1.7z"></path></defs><clipPath id="SVGID_2_"><use xlink:href="#SVGID_1_" overflow="visible"></use></clipPath><path fill="currentColor" clip-path="url(#SVGID_2_)" d="M0 0h30.02v29.96H0z"></path></svg></div></a></li></ul></header><div class="SingleCopy_SingleCopy__8_zA0"><p>Audible today announces the latest cohort of high-growth businesses moving to Newark as part of the company’s innovative <a href="http://www.newarksquared.com/" target="_blank">Business Attraction Program</a>. Launched in August 2023, the program reflects Audible’s <a href="/about/impact">continued commitment</a> to sustaining businesses, attracting foot traffic, and creating jobs in its headquarters city of Newark, New Jersey. Audible’s initiatives and presence in Newark have generated close to one billion dollars in economic activity to date. Since 2007, when Audible moved to Newark, it has worked closely with local stakeholders to make the city more equitable and prosperous for all residents. </p><p>The Business Attraction Program supports innovative companies in expanding or relocating to Newark, and founders of color and female founders are particularly encouraged to apply. With Black-founded companies typically receiving only <a href="https://www.fastcompany.com/90969457/1-of-venture-capital-goes-to-black-founders-californias-new-bill-hopes-to-shame-vcs-into-change" target="_blank">1% of venture funding</a> nationally (and female founders receiving 1.9%), the program aims to increase opportunities for founders who might not otherwise access critical resources like financial support and executive mentorship. This initiative and other impact-focused efforts are led by Audible’s <a href="/about/impact">Global Center for Urban Innovation</a>, which spearheads the company’s work to advance racial justice, equity and economic empowerment.</p><p>Audible provides up to $250,000 in non-dilutive grants per company toward office space, relocation assistance, stipends for employees to live and shop locally, and mentorship with Audible experts. By leveraging Newark’s unmatched data infrastructure, boosting local spending to preserve and create jobs, and addressing high retail and commercial vacancy rates, Audible’s Business Attraction Program seeks to create a multiplier effect of job creation and innovation throughout the city. </p><p>Ten companies have already joined the program since 2023, and it continues to grow. The latest startups include <a href="https://equalspace.co/" target="_blank">Equal Space</a>, a 50,000 square-foot, multi-floor shared space; <a href="https://www.alpharoc.ai/" target="_blank">AlphaROC</a>, a provider of AI-based data insights and analytics; and <a href="https://www.pocstock.com/" target="_blank">pocstock</a>, a diversity content company focused on positive images featuring people of color. These companies join <a href="https://www.abfc.co/" target="_blank">ABF Creative</a>, <a href="https://www.gymble.us/" target="_blank">Gymble</a>, <a href="https://www.cocensus.io/" target="_blank">co:census</a> and <a href="https://www.fitnescity.com/" target="_blank">Fitnescity</a>, which entered the program in 2023, as the latest group of diverse entrepreneurs and startups building their businesses in downtown Newark’s emerging tech and creative hub. The program has also attracted <a href="https://www.instagram.com/sweetjeanscafenj/" target="_blank">Sweet Jeans Macaron + Coffee Bar</a>, which will offer coffee, pastries, and community events. Other retail and entertainment businesses in the program include <a href="https://www.boulevardbistrony.com/" target="_blank">BLVD Bistro</a>, the second location of the esteemed Harlem-based comfort food destination, and <a href="https://www.facebook.com/NewarkCultureClubNJ/" target="_blank">Newark Culture Club</a>, a cocktail bar, comedy, and entertainment venue.</p></div><figure class="SingleQuote_SingleQuote__MbOA_ s-sm"><blockquote class="SingleQuote_SingleQuote__Quote__8SCKX">Audible is proud to feature Equal Space, AlphaRoc, Pocstock, and Sweet Jeans in its latest cohort of pioneering businesses that represent the next generation of diverse founders and innovators.</blockquote><figcaption><cite class="SingleQuote_SingleQuote__Cite__EjEWQ"><span class="SingleQuote_SingleQuote__Person__1vP9T">Aisha Glover</span><span class="SingleQuote_SingleQuote__Job__7erdd">Global Head of Urban Innovation</span></cite></figcaption></figure><div class="SingleCopy_SingleCopy__8_zA0"><p>“Our Business Attraction Program is a scalable model to drive economic growth and can be adopted by other companies seeking to make a tangible impact in the cities they call home. Our startup support efforts are leading the way in the city’s revitalization by thoughtfully and equitably growing the tech ecosystem, elevating diverse founders, and supporting the local economy,” said <a href="/about/leadership/aisha-glover">Aisha Glover</a>, Global Head of Urban Innovation at Audible. “Audible is proud to feature Equal Space, AlphaRoc, Pocstock, and Sweet Jeans in its latest cohort of pioneering businesses that represent the next generation of diverse founders and innovators.”</p><p>Audible is facilitating leasing opportunities at buildings around Newark’s Harriet Tubman Square, including 33 Washington Street, 550 Broad Street, 494 Broad Street, 540 Broad Street and 536 Broad Street. <a href="https://equalspace.co/" target="_blank">Equal Space</a> has expanded to 550 Broad Street in downtown Newark where Fidelco, a Newark-based developer and property owner, has led the building’s cutting-edge renovation. </p></div><div class="SinglePhotoGrid_SinglePhotoGrid__kobiQ s-sm img"><div class="SinglePhotoGrid_SinglePhotoGrid__Wrap__voz1C"><figure class="SinglePhotoGrid_SinglePhotoGrid__Photo__l13pq"><img src="//images.ctfassets.net/3sa0209epr53/4Ww8eb0f90lFzp6C9JPjma/148996894c07963d94e60051bfe148bd/IMG_0217.JPG?w=720" alt="A group of people sitting on a sofa and standing inside an office space"/><figcaption class="SinglePhotoGrid_SinglePhotoGrid__Caption__dujbN"><span>The Equal Space team with Audible's Global Head of Urban Innovation, Aisha Glover, and Head of Economic Impact, Ari Fox, in Equal Space's new co-working space.</span></figcaption></figure></div></div><div class="SingleCopy_SingleCopy__8_zA0"><p>Developed specifically with multicultural founders in mind, Equal Space’s 50,000-square-foot shared office and event space offers flexible work spaces including daily passes, dedicated desks, suites, and a large array of amenities, including creative studios, convening rooms and yearly programming to push their members forward.</p><p>“After over 10 years building momentum and a powerful entrepreneur community in Newark, we recognize the opportune moment we’re in and the need for entrepreneurs to have a nurturing place to flourish and connect with other like-minded, emerging business leaders,” said Equal Space founder Citi Medina. “Equal Space’s mission is to provide shared space, resources and mentorship that benefit entrepreneurs, founders and small businesses primarily led by people of color, women and members of the LGBTQ+ community.”</p><p>Read more about the other businesses participating in the Business Attraction Program on <a href="https://www.newarksquared.com/program-companies" target="_blank">Newark Squared</a>.</p><p>Other place-based initiatives spearheaded by Audible’s <a href="/about/impact">Global Center for Urban Innovation</a> include <a href="https://www.newarkworkingkitchens.com/" target="_blank">Newark Working Kitchens</a>, which supports local restaurants by paying for and distributing over 1.5 million meals to residents in need, and the <a href="https://www.newarkartistcollaboration.com/" target="_blank">Newark Artist Collaboration</a>, which employs local artists to create large-scale public art throughout downtown, encouraging investment in the city’s creative economy.</p></div></article></div><div class="NewsRoll_NewsRoll__ukcfM"><div class="Container_Container__KYs8X "><h2 class="h1 tick tick--centered">Related</h2><div class="NewsRoll_NewsRoll__Recent__txJS9"><article class="NewsRoll_NewsRoll__Article__eCcDP"><div class="NewsRoll_NewsRoll__ArticleWrap___Djuw"><figure class="NewsRoll_NewsRoll__ArticleImage__CxR5x"><a class="" href="/about/newsroom/audibles-new-business-attraction-program-fuels-newarks-innovation-economy"><img src="//images.ctfassets.net/3sa0209epr53/78mND3Sv7PU4uHpHfdydIM/f9c5caa7e593d4fcfc7fe1d66cf8a210/newsroom_biz-attraction-program.png?w=420&h=260&fit=fill&q=90" srcSet="//images.ctfassets.net/3sa0209epr53/78mND3Sv7PU4uHpHfdydIM/f9c5caa7e593d4fcfc7fe1d66cf8a210/newsroom_biz-attraction-program.png?w=80&h=50&fit=fill&q=90 560w, //images.ctfassets.net/3sa0209epr53/78mND3Sv7PU4uHpHfdydIM/f9c5caa7e593d4fcfc7fe1d66cf8a210/newsroom_biz-attraction-program.png?w=420&h=260&fit=fill&q=90 1800w" sizes="(max-width: 559px) 560px, 1800px"/></a><div class="NewsRoll_NewsRoll__ArticleTag__8Jxq0"><a href="/about/newsroom/category/press-releases">Press Releases</a></div></figure><div class="NewsRoll_NewsRoll__ArticleText__6berN"><span class="NewsRoll_NewsRoll__ArticleMeta__8__N_"><em>Press Releases</em>August 1, 2023</span><h5 class="NewsRoll_NewsRoll__ArticleTitle__sPD5u"><a href="/about/newsroom/audibles-new-business-attraction-program-fuels-newarks-innovation-economy">Audible's New Business Attraction Program Fuels Newark's Innovation Economy</a></h5><p class="NewsRoll_NewsRoll__ArticleExcerpt__c_T__">Audible's new initiative sparks growth in Newark’s emerging innovation economy; six companies join the program to fuel the city's arts and innovation district, supported by relocation assistance and community development efforts.</p><span class="NewsRoll_NewsRoll__ArticleDate__Sgkoy">August 1, 2023</span></div></div></article><article class="NewsRoll_NewsRoll__Article__eCcDP"><div class="NewsRoll_NewsRoll__ArticleWrap___Djuw"><figure class="NewsRoll_NewsRoll__ArticleImage__CxR5x"><a class="" href="/about/newsroom/businesses-can-help-local-restaurants-survive-and-spur-recovery"><img src="//images.ctfassets.net/3sa0209epr53/5Xk9PnQ4656k5qQtrcpOcF/05e636b5adf27c7b500e73b9d1905335/newsroom_fortune-nwk2.jpg?w=420&h=260&fit=fill&q=90" srcSet="//images.ctfassets.net/3sa0209epr53/5Xk9PnQ4656k5qQtrcpOcF/05e636b5adf27c7b500e73b9d1905335/newsroom_fortune-nwk2.jpg?w=80&h=50&fit=fill&q=90 560w, //images.ctfassets.net/3sa0209epr53/5Xk9PnQ4656k5qQtrcpOcF/05e636b5adf27c7b500e73b9d1905335/newsroom_fortune-nwk2.jpg?w=420&h=260&fit=fill&q=90 1800w" sizes="(max-width: 559px) 560px, 1800px"/></a><div class="NewsRoll_NewsRoll__ArticleTag__8Jxq0"><a href="/about/newsroom/category/Impact">Impact</a></div></figure><div class="NewsRoll_NewsRoll__ArticleText__6berN"><span class="NewsRoll_NewsRoll__ArticleMeta__8__N_"><em>Impact</em>May 26, 2021</span><h5 class="NewsRoll_NewsRoll__ArticleTitle__sPD5u"><a href="/about/newsroom/businesses-can-help-local-restaurants-survive-and-spur-recovery">Businesses Can Help Local Restaurants Survive and Spur Recovery</a></h5><p class="NewsRoll_NewsRoll__ArticleExcerpt__c_T__">In Fortune, Audible’s founder and Executive Chairman Don Katz and chef Marcus Samuelsson explain why the private sector should replicate the Newark Working Kitchens model to help communities and small businesses recover from the pandemic.</p><span class="NewsRoll_NewsRoll__ArticleDate__Sgkoy">May 26, 2021</span></div></div></article><article class="NewsRoll_NewsRoll__Article__eCcDP"><div class="NewsRoll_NewsRoll__ArticleWrap___Djuw"><figure class="NewsRoll_NewsRoll__ArticleImage__CxR5x"><a class="" href="/about/newsroom/meet-three-startups-thriving-with-help-from-newark-venture-partners"><img src="//images.ctfassets.net/3sa0209epr53/5PwEETeXA0BL7XesVNcuKf/14df576703a23c0477aaa3c42e7a66b3/newsroom_nvp-2023.png?w=420&h=260&fit=fill&q=90" srcSet="//images.ctfassets.net/3sa0209epr53/5PwEETeXA0BL7XesVNcuKf/14df576703a23c0477aaa3c42e7a66b3/newsroom_nvp-2023.png?w=80&h=50&fit=fill&q=90 560w, //images.ctfassets.net/3sa0209epr53/5PwEETeXA0BL7XesVNcuKf/14df576703a23c0477aaa3c42e7a66b3/newsroom_nvp-2023.png?w=420&h=260&fit=fill&q=90 1800w" sizes="(max-width: 559px) 560px, 1800px"/></a><div class="NewsRoll_NewsRoll__ArticleTag__8Jxq0"><a href="/about/newsroom/category/Impact">Impact</a></div></figure><div class="NewsRoll_NewsRoll__ArticleText__6berN"><span class="NewsRoll_NewsRoll__ArticleMeta__8__N_"><em>Impact</em>August 10, 2023</span><h5 class="NewsRoll_NewsRoll__ArticleTitle__sPD5u"><a href="/about/newsroom/meet-three-startups-thriving-with-help-from-newark-venture-partners">Meet Three Startups Thriving with Help from Newark Venture Partners</a></h5><p class="NewsRoll_NewsRoll__ArticleExcerpt__c_T__">Starting a company from scratch can be daunting. NVP’s unique investment model gave these founders the support they needed to launch successful businesses that are innovating in a range of spaces and contributing to Newark’s growing tech ecosystem.</p><span class="NewsRoll_NewsRoll__ArticleDate__Sgkoy">August 10, 2023</span></div></div></article></div></div></div></main></div><div class="PageTransition_PageTransition__PNpXt"></div><div class="Footer_Footer___q4a_" role="contentinfo"><div class="Container_Container__KYs8X "><div class="Footer_Footer__Main__7bf2I"><div class="Footer_Footer__Logo__8Z9kw Footer_Footer__Block__Xa0qE"><svg viewBox="0 0 359 103" id="footer-logo-logo"><defs><path id="footer-logochevmask" d="M26.2 38.5c3.4-4.9 9.1-8.1 15.6-8.1s12.2 3.2 15.7 8.2L50 43.3c-3.5-4.9-8.6-7.9-14.3-7.9-3.5 0-6.7 1.1-9.5 3.1zm-12.9-8c6.1-9.2 16.6-15.3 28.5-15.3 11.9 0 22.4 6.1 28.6 15.3l-7.8 4.9c-11.7-15.6-33.2-18.3-48-6-.5.4-.9.7-1.3 1.1zM75 27.3C58.6 4.4 27.8-.2 6 17c-1.9 1.5-4 3.7-5.6 5.4C9.3 8.8 24.7 0 41.8 0c17.3 0 32.6 8.9 41.4 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Launched in August 2023, the program reflects Audible’s [continued commitment](https://www.audible.com/about/impact) to sustaining businesses, attracting foot traffic, and creating jobs in its headquarters city of Newark, New Jersey. Audible’s initiatives and presence in Newark have generated close to one billion dollars in economic activity to date. \nSince 2007, when Audible moved to Newark, it has worked closely with local stakeholders to make the city more equitable and prosperous for all residents. \n\nThe Business Attraction Program supports innovative companies in expanding or relocating to Newark, and founders of color and female founders are particularly encouraged to apply. With Black-founded companies typically receiving only [1% of venture funding](https://www.fastcompany.com/90969457/1-of-venture-capital-goes-to-black-founders-californias-new-bill-hopes-to-shame-vcs-into-change) nationally (and female founders receiving 1.9%), the program aims to increase opportunities for founders who might not otherwise access critical resources like financial support and executive mentorship. This initiative and other impact-focused efforts are led by Audible’s [Global Center for Urban Innovation](https://www.audible.com/about/impact), which spearheads the company’s work to advance racial justice, equity and economic empowerment.\n\nAudible provides up to $250,000 in non-dilutive grants per company toward office space, relocation assistance, stipends for employees to live and shop locally, and mentorship with Audible experts. By leveraging Newark’s unmatched data infrastructure, boosting local spending to preserve and create jobs, and addressing high retail and commercial vacancy rates, Audible’s Business Attraction Program seeks to create a multiplier effect of job creation and innovation throughout the city. \n\nTen companies have already joined the program since 2023, and it continues to grow. The latest startups include [Equal Space](https://equalspace.co/), a 50,000 square-foot, multi-floor shared space; [AlphaROC](https://www.alpharoc.ai/), a provider of AI-based data insights and analytics; and [pocstock](https://www.pocstock.com/), a diversity content company focused on positive images featuring people of color. These companies join [ABF Creative](https://www.abfc.co/), [Gymble](https://www.gymble.us/), [co:census](https://www.cocensus.io/) and [Fitnescity](https://www.fitnescity.com/), which entered the program in 2023, as the latest group of diverse entrepreneurs and startups building their businesses in downtown Newark’s emerging tech and creative hub. The program has also attracted [Sweet Jeans Macaron + Coffee Bar](https://www.instagram.com/sweetjeanscafenj/), which will offer coffee, pastries, and community events. Other retail and entertainment businesses in the program include [BLVD Bistro](https://www.boulevardbistrony.com/), the second location of the esteemed Harlem-based comfort food destination, and [Newark Culture Club](https://www.facebook.com/NewarkCultureClubNJ/), a cocktail bar, comedy, and entertainment venue."}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"3faHx7LY3HgMCgzfOohSrg","type":"Entry","createdAt":"2024-04-29T13:08:21.204Z","updatedAt":"2024-04-29T13:08:21.204Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":3,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsQuoteBlock"}},"locale":"en-US"},"fields":{"quoteText":"Audible is proud to feature Equal Space, AlphaRoc, Pocstock, and Sweet Jeans in its latest cohort of pioneering businesses that represent the next generation of diverse founders and innovators.","personName":"Aisha Glover","personTitle":"Global Head of Urban Innovation"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"4sYnu6ZmP0rPPbNsMxH0q","type":"Entry","createdAt":"2024-04-29T13:08:27.839Z","updatedAt":"2024-04-29T13:08:52.940Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":6,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"“Our Business Attraction Program is a scalable model to drive economic growth and can be adopted by other companies seeking to make a tangible impact in the cities they call home. Our startup support efforts are leading the way in the city’s revitalization by thoughtfully and equitably growing the tech ecosystem, elevating diverse founders, and supporting the local economy,” said [Aisha Glover](https://www.audible.com/about/leadership/aisha-glover), Global Head of Urban Innovation at Audible. “Audible is proud to feature Equal Space, AlphaRoc, Pocstock, and Sweet Jeans in its latest cohort of pioneering businesses that represent the next generation of diverse founders and innovators.”\n\nAudible is facilitating leasing opportunities at buildings around Newark’s Harriet Tubman Square, including 33 Washington Street, 550 Broad Street, 494 Broad Street, 540 Broad Street and 536 Broad Street. [Equal Space](https://equalspace.co/) has expanded to 550 Broad Street in downtown Newark where Fidelco, a Newark-based developer and property owner, has led the building’s cutting-edge renovation. 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rooms and yearly programming to push their members forward.\n\n“After over 10 years building momentum and a powerful entrepreneur community in Newark, we recognize the opportune moment we’re in and the need for entrepreneurs to have a nurturing place to flourish and connect with other like-minded, emerging business leaders,” said Equal Space founder Citi Medina. “Equal Space’s mission is to provide shared space, resources and mentorship that benefit entrepreneurs, founders and small businesses primarily led by people of color, women and members of the LGBTQ+ community.”\n\nRead more about the other businesses participating in the Business Attraction Program on [Newark Squared](https://www.newarksquared.com/program-companies).\n\nOther place-based initiatives spearheaded by Audible’s [Global Center for Urban Innovation](https://www.audible.com/about/impact) include [Newark Working Kitchens](https://www.newarkworkingkitchens.com/), which supports local restaurants by paying for and distributing over 1.5 million meals to residents in need, and the [Newark Artist Collaboration](https://www.newarkartistcollaboration.com/), which employs local artists to create large-scale public art throughout downtown, encouraging investment in the city’s creative economy."}}],"hideRelatedPosts":false,"related":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"7vRhpK2wIKFlS3NIMl8Tk0","type":"Entry","createdAt":"2023-08-01T14:43:46.484Z","updatedAt":"2024-05-14T19:19:09.847Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":44,"revision":7,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsPost"}},"locale":"en-US"},"fields":{"title":"Audible's New Business Attraction Program Fuels Newark's Innovation Economy","slug":"audibles-new-business-attraction-program-fuels-newarks-innovation-economy","seo":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"14WK8gLl7iaZdRek6dovhz","type":"Entry","createdAt":"2023-08-01T09:32:19.311Z","updatedAt":"2023-08-01T09:38:18.025Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":6,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"pageSeo"}},"locale":"en-US"},"fields":{"pageTitle":"Audible's New Business Attraction Program Fuels Newark's Innovation Economy","pageDescription":"Audible's new initiative sparks growth in Newark’s emerging innovation economy; six companies join the program to fuel the city's arts and innovation district, supported by relocation assistance and community development efforts.","openGraphImage":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"3qNWqW4rHzNzfvWZ91nL2q","type":"Asset","createdAt":"2023-08-01T09:36:53.062Z","updatedAt":"2023-08-01T09:36:53.062Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":4,"revision":1,"locale":"en-US"},"fields":{"title":"newsroom biz-attraction-program-seo","description":"A generated photo of a commercial building in Newark with cars parked in front of it.","file":{"url":"//images.ctfassets.net/3sa0209epr53/3qNWqW4rHzNzfvWZ91nL2q/2eab92136a292153da61d59667f395b9/newsroom_biz-attraction-program-seo.png","details":{"size":2102704,"image":{"width":1366,"height":768}},"fileName":"newsroom_biz-attraction-program-seo.png","contentType":"image/png"}}}}},"excludedMarkets":["Brazil"],"excerpt":"Audible's new initiative sparks growth in Newark’s emerging innovation economy; six companies join the program to fuel the city's arts and innovation district, supported by relocation assistance and community development efforts.","featuredImage":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"78mND3Sv7PU4uHpHfdydIM","type":"Asset","createdAt":"2023-08-01T09:32:10.249Z","updatedAt":"2023-08-01T09:42:48.655Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":27,"revision":4,"locale":"en-US"},"fields":{"title":"newsroom_business-attraction-program-33wash","description":"A generated photo of a commercial building in Newark with cars parked in front of it.","file":{"url":"//images.ctfassets.net/3sa0209epr53/78mND3Sv7PU4uHpHfdydIM/f9c5caa7e593d4fcfc7fe1d66cf8a210/newsroom_biz-attraction-program.png","details":{"size":1695493,"image":{"width":1092,"height":728}},"fileName":"newsroom_biz-attraction-program.png","contentType":"image/png"}}},"date":"2023-08-01","category":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"6NQldYhYvCm84s0kQUg2YY","type":"Entry","createdAt":"2018-12-21T20:28:34.127Z","updatedAt":"2023-09-29T12:53:46.787Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":14,"revision":3,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCategory"}},"locale":"en-US"},"fields":{"title":"Press Releases","slug":"press-releases"}},"pageBuilder":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"146TjUbn6zdMKi8gyaC0mv","type":"Entry","createdAt":"2023-08-01T14:34:44.057Z","updatedAt":"2024-04-10T19:22:28.600Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":53,"revision":4,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"Audible today announced the launch of a new series of [business attraction efforts](http://www.newarksquared.com/) designed to help innovative companies join Audible in Newark. Companies with founders of color or female founders are particularly encouraged to apply and can access relocation assistance, capital for new leases, and stipends for employees to live and shop locally – an extension of Audible’s successful [Live Local](https://www.audible.com/about/impact/urban-innovation) Program. Live Local offers a $500 per month after-tax rent subsidy for employees who choose to live in Newark. Audible moved to Newark in 2007 and has spearheaded an array of unique programs, including the launch of [Newark Venture Partners](https://www.newarkventurepartners.com/) in 2015, the establishment of the [Global Center for Urban Innovation](https://www.audible.com/about/impact) in 2020 and impact initiatives like [NWK Delivers](http://www.newarkworkingkitchens.com/), which have generated close to $1 billion in economic output.\n\nAudible’s business attraction efforts target startups with at least 10 employees, at the seed or Series A stage, and which are looking to expand or relocate to Newark. The program aims to leverage Newark’s unmatched data infrastructure, boost local spending to preserve and create jobs, address high retail and commercial vacancy rates, and accelerate the growth of the city’s innovation ecosystem. The business attraction efforts will also facilitate leasing opportunities at buildings in Newark’s Harriet Tubman Square, such as 33 Washington Street, 550 Broad Street, 494 Broad Street, 540 Broad Street and 536 Broad Street. Six companies in the tech innovation, hospitality, and entertainment sectors have already joined the program and will be expanding or arriving in Newark. Four new tech startups have leased office space in 550 Broad Street, while Newark Culture Club is opening at 12 Halsey Street, and Harlem’s [BLVD Bistro](https://www.boulevardbistrony.com/) will open a second location in the mixed-use space at 33 Washington Street – all located in Newark’s newly created burgeoning arts and innovation district adjacent to Harriet Tubman Square and home to Audible’s headquarters.\n\n“Audible has worked to catalyze the city’s revitalization, from our decades-long work with [Newark high school interns](https://www.audible.com/about/impact/future-leaders), to the Covid response program [Newark Working Kitchens](http://www.newarkworkingkitchens.com/) which has delivered more than 1.5 million meals and helped to support more than 37 Newark restaurants,” said Aisha Glover, Vice President of Urban Innovation for Audible’s Global Center for Urban Innovation. “We’re proud to be creating economic opportunities for the growing innovation sector, local businesses, workers, and residents to thrive. Our startup attraction efforts are leading the way in this resurgence by thoughtfully and equitably growing the tech and innovation ecosystem, empowering diverse founders and supporting the local economy.”\n\n“This innovative pilot program is another scalable model that can be adopted by other companies seeking to make an impact in the cities they call home,” said Audible Founder Don Katz. “It is gratifying that since moving our US headquarters to Newark and the launch of many efforts to impact and accelerate positive change, that so many Audible employees are drawn to work at Audible because of our [People Principles](https://www.audible.com/about/people-principles), which includes our stated commitment to the people and city of Newark.”\n\nABF Creative, Gymble, co:census and Fitnescity are among the first four businesses to receive startup attraction packages from Audible. Each will lease office space in 550 Broad Street and join Newark’s burgeoning tech scene, which has been blossoming over the last decade to include Aerofarms, 1Huddle, MindRight Health and other innovative companies.\n\n[ABF Creative](https://www.abfc.co/) is a multicultural kids and family podcast network and production company, founded by Newark native Anthony Frasier, that joins Audible in the audio and podcast industry. ABF Creative leverages its unique production framework to deliver award-winning IP that builds emotional and cultural connections through loveable characters and compelling narrative storytelling.\n\n“As a Newark Native, I am thrilled to open the doors to this new space, which provides ABF Creative with the resources necessary to enhance our production capabilities, delivering world-class audio content to families globally and positioning ourselves for continued success in the ever-evolving podcast industry,” said ABF Creative CEO, Anthony Frasier.\n\n[Gymble](https://www.gymble.us/) (pronounced gym-bull) is a fitness app, founded by three athletes from Charlotte, NC, that connects communities to facility rentals, personal training and fitness experiences. The all-in-one platform helps fitness facilities and entrepreneurs market to their customers and manage their bookings more effectively.\n\n“As an early-stage startup, moving to Newark has drastically increased Gymble’s brand visibility, allowing us to form partnerships with local businesses and corporate entities,” said Gymble CEO, Devon Oakley. “The move also allows Gymble direct access to early-stage VC investment opportunities and gives Gymble the resources it needs to thrive. Moving forward, Gymble will continue to partner with local sports and fitness businesses to cultivate a healthy lifestyle around its emerging technologies - with the goal of inspiring communities to be the best version of themselves through sports and fitness.”\n\n[co:census](https://cocensus.io/) is a collaborative, cloud-based workspace for urban planning and design teams to learn, plan, create, analyze, and work together as they conduct research projects and community engagement. The company’s enterprise solution is used by Ford Mobility, MIG, and Habitat for Humanity’s teams to plan community engagement, create projects to collect feedback and analyze text and voice data with their patent-pending AI.\n\n“As a social enterprise and a late-stage seed company, we are preparing for our growth, including increasing our company benefits and operations while enhancing our mission to challenge the status quo of design,” said co:census founder, Tiasia O’Brien. “Our partnership with Audible will provide office space within Newark’s growing innovation corridor, positioning us to be a competitive employer in the Northeast.”\n\n[Fitnescity](https://www.fitnescity.com/) is a consumer health startup that gives consumers easy access to wellness tests, along with personal analytics, while allowing local clinics to reach more consumers. Designed to make health and wellness testing convenient and accessible, Fitnescity partners with local clinics, labs and leading healthcare providers across the country to provide wellness tests. It also enables consumers to track their wellness goals and outcomes over time with a user-friendly personal analytics platform that can not only make test results easier to understand, but also, in the long term, develop predictive models to inform wellness decisions.\n\n“It’s an exciting time for us at Fitnescity as we work on our goal of building the largest platform of wellness tests and when Audible approached us with the opportunity to build in Newark, we loved the idea,” stated Laila Zemrani, co-founder and CEO of Fitnescity. “Audible’s support will help us accelerate our growth with state-of-the-art offices in a city with a fast-growing tech sector, talent from world-class universities, and easy access to major hubs and airports.”\n\nNewark is home to a strong technology sector led by Audible, and which includes HAX Capital, Panasonic, and WebMD. As one of America’s smart cities, Newark is home to 26 miles of underground municipal dark fiber that delivers 10-gigabits-per-second speeds at prices far below those of other cities.\n\nCompanies locating themselves in Newark can plug into the city’s entrepreneurial community catalyzed by [Newark Venture Partners](https://www.newarkventurepartners.com/) (NVP), an early-stage venture capital fund and accelerator founded by Audible founder Don Katz. Created in 2015, NVP is the most active investor in New Jersey, having invested over $55 million into more than 100 companies, nearly 60% of which are founded by women or founders of color. NVP is helping Newark’s innovation economy grow at a rate on par or above other emerging tech industry hubs including Jersey City, Brooklyn and Washington, D.C.\n\n550 Broad Street will also be home to Melba’s 550, a second location of the revered comfort food destination [Melba’s Restaurant](https://www.melbasrestaurant.com/) in Harlem. Fidelco, a Newark-based developer and property owner, has led the cutting-edge renovation. Overlooking Newark’s newly renamed Harriet Tubman Square, the neighborhood is within walking distance to the New Jersey Performing Arts Center, robust public transit with access to Manhattan in under 20 minutes, and area restaurants including Swahili Village and Marcus B\u0026P.\n\n“Fidelco and Audible’s collaboration gives startups and aspiring entrepreneurs access to world-class amenities while they start and expand their businesses in Newark at the historic 550 Broad,” said Marc E. Berson, Chairman of Fidelco Realty Group. “We are proud to collaborate with Audible in this important effort.”\n\nAudible’s efforts to attract new businesses and tenants to downtown Newark include collaborating with community stakeholders to transform iconic spaces, like 33 Washington Street, into hubs for local businesses. Small businesses and retailers at 33 Washington will sublease from Audible and be eligible for its new business support offerings, such as stipends for rent and mentorship. Nina Cooke John, the architect and artist behind the new [Harriet Tubman monument](https://visitharriettubmansquare.com/) in Tubman Square, will also lead the building’s redesign into a mixed-use space that is engaging for anyone who lives, works or studies in the Tubman Square neighborhood.\n\nAmong the tenants calling the ground floor of 33 Washington home will be [BLVD Bistro](https://www.boulevardbistrony.com/), the second location from Chef Carlos Swepson and co-owner Markisha Swepson, whose first location in Harlem was featured in the [New York Times](https://www.nytimes.com/2015/01/14/dining/hungry-city-blvd-bistro-in-harlem.html) in its first year. Serving up American soul food with a fully scratch kitchen, BLVD was named best soul food in the country by [Food Network](https://www.foodnetwork.com/shows/top-5-restaurants/episodes/best-soul-food).\n\n“We are excited to bring the BLVD Bistro experience to Newark, just steps away from Harriet Tubman Square,” said co-owners Markisha Swepson and Chef Carlos Swepson. “We are proud to stand on the shoulders of culinary giants like John’s Southern Eatery and Don Pepe, who created places for the community to gather and enjoy great food.”\n\nAudible’s new program is not only attracting companies in innovation and hospitality, but entertainment as well. [Newark Culture Club](https://www.facebook.com/NewarkCultureClubNJ/) will establish a 2,500 square feet cocktail bar and live entertainment venue, owned by an investment group of majority Newark residents and minorities, led by comedian Justin Williams, host of [Fraudsters podcast](https://www.lastpodcastnetwork.com/fraudsters). It will feature a rotating menu of craft cocktails, beers and wines from local and Black-owned businesses, and established shows such as the Brick City Comedy Revue, all at affordable ticket prices.\n\n\"We're excited to be part of the amazing momentum around Tubman Square, and to become a hub for downtown Newark's vibrant arts, culture, and entertainment scene,\" said Williams. \"Audible has been a wonderful ally in giving businesses like ours the opportunity to be part of the next generation of content creators, right here at home.”\n\nThis is the latest of Audible’s ongoing community and economic investments in the cities it calls home. Audible launched its [Global Center for Urban Innovation](https://www.audible.com/about/impact) in 2020, to spearhead efforts to advance racial justice, equity and economic empowerment. The Center’s initiatives include [Newark Working Kitchens](https://www.newarkworkingkitchens.com/), which supports local restaurants by paying for and distributing over 1.5 million meals to residents in need, and the [Newark Artist Collaboration](https://www.newarkartistcollaboration.com/), which employs local artists to create large-scale public art throughout downtown, to encourage investment in the city’s creative economy. Audible’s investments, including its [immersive audio experience](https://www.audible.com/about/newsroom/harriet-tubman-monument-comes-to-life-through-immersive-audible-experience) at Newark’s new Harriet Tubman monument, help attract foot traffic, sustain businesses, create jobs, and result in greater employee spend, generating hundreds of millions of dollars in economic activity to date."}}]}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"4qGGvN5NjMXoaJXhEHUm3m","type":"Entry","createdAt":"2021-05-26T13:16:03.155Z","updatedAt":"2023-09-27T13:00:33.670Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":20,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsPost"}},"locale":"en-US"},"fields":{"title":"Businesses Can Help Local Restaurants Survive and Spur Recovery","slug":"businesses-can-help-local-restaurants-survive-and-spur-recovery","seo":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"2xxmnqtnLm9jt34SARIT4J","type":"Entry","createdAt":"2021-05-26T13:02:27.164Z","updatedAt":"2021-05-26T13:13:08.615Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":5,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"pageSeo"}},"locale":"en-US"},"fields":{"pageTitle":"Businesses Can Help Local Restaurants Survive and Spur Recovery","pageDescription":"In Fortune, Audible’s founder and Executive Chairman Don Katz and chef Marcus Samuelsson explain why the private sector should replicate the Newark Working Kitchens model to help communities and small businesses recover from the pandemic.","openGraphImage":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"5Xk9PnQ4656k5qQtrcpOcF","type":"Asset","createdAt":"2021-05-26T13:13:02.771Z","updatedAt":"2021-05-26T13:13:02.771Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":16,"revision":1,"locale":"en-US"},"fields":{"title":"Audible_newsroom_fortune_NWK","description":"A community volunteer holds a bag filled with Newark Working Kitchens meals for an elderly Newark resident who is reaching into the bag. They are in a pop up distribution area, with tents and tables set up in an urban area.","file":{"url":"//images.ctfassets.net/3sa0209epr53/5Xk9PnQ4656k5qQtrcpOcF/05e636b5adf27c7b500e73b9d1905335/newsroom_fortune-nwk2.jpg","details":{"size":1489483,"image":{"width":3371,"height":2247}},"fileName":"newsroom_fortune-nwk2.jpg","contentType":"image/jpeg"}}}}},"excludedMarkets":["Brazil"],"activateCaringPillar":"Economic Opportunity","location":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"7EFcPw7PsABDaj0XLEES8X","type":"Entry","createdAt":"2020-07-06T16:24:04.783Z","updatedAt":"2020-07-06T16:24:04.783Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":2,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"officeLocation"}},"locale":"en-US"},"fields":{"location":"Newark, NJ"}}],"excerpt":"In Fortune, Audible’s founder and Executive Chairman Don Katz and chef Marcus Samuelsson explain why the private sector should replicate the Newark Working Kitchens model to help communities and small businesses recover from the pandemic.","featuredImage":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"5Xk9PnQ4656k5qQtrcpOcF","type":"Asset","createdAt":"2021-05-26T13:13:02.771Z","updatedAt":"2021-05-26T13:13:02.771Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":16,"revision":1,"locale":"en-US"},"fields":{"title":"Audible_newsroom_fortune_NWK","description":"A community volunteer holds a bag filled with Newark Working Kitchens meals for an elderly Newark resident who is reaching into the bag. They are in a pop up distribution area, with tents and tables set up in an urban area.","file":{"url":"//images.ctfassets.net/3sa0209epr53/5Xk9PnQ4656k5qQtrcpOcF/05e636b5adf27c7b500e73b9d1905335/newsroom_fortune-nwk2.jpg","details":{"size":1489483,"image":{"width":3371,"height":2247}},"fileName":"newsroom_fortune-nwk2.jpg","contentType":"image/jpeg"}}},"date":"2021-05-26","category":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"42vbWsu71S6USek6uK6g6I","type":"Entry","createdAt":"2018-10-23T16:42:43.886Z","updatedAt":"2023-10-02T18:26:01.396Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":11,"revision":5,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCategory"}},"locale":"en-US"},"fields":{"title":"Impact","slug":"Impact"}},"pageBuilder":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"o6AmkENS8DUoUEnJL4PG7","type":"Entry","createdAt":"2021-05-26T13:05:51.188Z","updatedAt":"2021-05-26T13:05:51.188Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":8,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"Since moving its global headquarters to Newark in 2007, Audible has pursued [creating urban equality](https://www.audible.com/about/impact/) as a defining purpose. This commitment is articulated by our founder and Executive Chairman [Don Katz](https://www.audible.com/about/leadership/don-katz/) in our [People Principles](https://www.audible.com/about/people-principles/), the core philosophies that inform and inspire our days. [Newark Working Kitchens (NWK)](https://www.newarkworkingkitchens.com/) is one recent effort to identify innovative solutions to systemic issues. Funded and led by Audible, NWK enables Newark restaurants to stay open and feed vulnerable neighbors with a model that can be replicated almost anywhere—and needs to be replicated now, urges [a recent opinion piece](https://fortune.com/2021/05/26/american-rescue-plan-restaurants-act-covid/) for *Fortune* magazine written by Katz and chef Marcus Samuelsson, who supports our NWK work."}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"xdNh0kvzQsoqzUBYHvqhP","type":"Entry","createdAt":"2021-05-26T13:07:04.695Z","updatedAt":"2021-05-26T13:07:04.695Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":5,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsQuoteBlock"}},"locale":"en-US"},"fields":{"quoteText":"Newark Working Kitchens is a model that can work in any city with a committed base of corporate anchors willing to invest in smaller businesses.","personName":"Don Katz and Marcus Samuelsson"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"2jdmypQB7dCePkjJOapzfM","type":"Entry","createdAt":"2021-05-26T13:07:41.605Z","updatedAt":"2021-05-26T13:07:41.605Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":2,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"As of last December, the piece reports, seventeen percent of restaurants had closed permanently or long-term due to the pandemic, resulting in economic fallout that portends a worsening food insecurity for millions of Americans, including children. Katz and Samuelsson fear this will mean irreparable damage, especially in vulnerable cities, unless restaurants receive “ongoing support from their communities—not just customers but, crucially, large local employers focusing their investment capacities beyond philanthropy.” \n\nKatz and Samuelsson point to examples of enormous positive impacts that some large businesses have already made, and state that companies looking to make similarly meaningful impacts can do so by considering how programs like NWK and World Central Kitchen, which helps operate NWK, “can sustain jobs, businesses, and lives in their own communities.”\n"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"6RLVagGmBhtdSa6vjY76vc","type":"Entry","createdAt":"2021-05-26T13:08:17.435Z","updatedAt":"2021-05-26T13:08:17.435Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":3,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCallout"}},"locale":"en-US"},"fields":{"content":"[Read](https://fortune.com/2021/05/26/american-rescue-plan-restaurants-act-covid/) what Katz and Samuelsson have to say about this urgent and necessary work."}}]}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"2z6PrW46f1WTTvwjZY9ikP","type":"Entry","createdAt":"2023-08-10T14:56:10.801Z","updatedAt":"2023-09-27T13:02:15.873Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":20,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsPost"}},"locale":"en-US"},"fields":{"title":"Meet Three Startups Thriving with Help from Newark Venture Partners","slug":"meet-three-startups-thriving-with-help-from-newark-venture-partners","seo":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"23wMJ2FPlohGhuu4d0GsKD","type":"Entry","createdAt":"2023-07-26T15:21:03.379Z","updatedAt":"2023-07-26T15:52:49.311Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":5,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"pageSeo"}},"locale":"en-US"},"fields":{"pageTitle":"Meet Three Startups Thriving with Help from Newark Venture Partners","pageDescription":"Starting a company from scratch can be daunting. NVP’s unique investment model gave these founders the support they needed to launch successful businesses that are innovating in a range of spaces and contributing to Newark’s growing tech ecosystem.","openGraphImage":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"7bKAj0X9rgQvoDCCIjeJT9","type":"Asset","createdAt":"2023-07-26T15:20:57.606Z","updatedAt":"2023-07-26T15:20:57.606Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":8,"revision":1,"locale":"en-US"},"fields":{"title":"newsroom nvp-2023-seo","description":"A collage of headshots of the start-up founders.","file":{"url":"//images.ctfassets.net/3sa0209epr53/7bKAj0X9rgQvoDCCIjeJT9/aa04fd54f389ffa0f8b322b18abfe434/newsroom_nvp-2023-seo.png","details":{"size":1622846,"image":{"width":1366,"height":768}},"fileName":"newsroom_nvp-2023-seo.png","contentType":"image/png"}}}}},"excludedMarkets":["Brazil"],"excerpt":"Starting a company from scratch can be daunting. NVP’s unique investment model gave these founders the support they needed to launch successful businesses that are innovating in a range of spaces and contributing to Newark’s growing tech ecosystem.","featuredImage":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"5PwEETeXA0BL7XesVNcuKf","type":"Asset","createdAt":"2023-07-26T15:21:28.705Z","updatedAt":"2023-07-26T15:21:28.705Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":4,"revision":1,"locale":"en-US"},"fields":{"title":"newsroom nvp-2023","description":" A collage of headshots of the start-up founders.","file":{"url":"//images.ctfassets.net/3sa0209epr53/5PwEETeXA0BL7XesVNcuKf/14df576703a23c0477aaa3c42e7a66b3/newsroom_nvp-2023.png","details":{"size":1218243,"image":{"width":1092,"height":728}},"fileName":"newsroom_nvp-2023.png","contentType":"image/png"}}},"featuredImageSize":false,"date":"2023-08-10","category":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"42vbWsu71S6USek6uK6g6I","type":"Entry","createdAt":"2018-10-23T16:42:43.886Z","updatedAt":"2023-10-02T18:26:01.396Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":11,"revision":5,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCategory"}},"locale":"en-US"},"fields":{"title":"Impact","slug":"Impact"}},"pageBuilder":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"3yzLDJXL4SjsnrZCd5kClL","type":"Entry","createdAt":"2023-07-26T15:31:10.899Z","updatedAt":"2023-07-26T15:54:07.336Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":12,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"[Newark Venture Partners](https://www.audible.com/about/impact/newark-venture-partners) (NVP) is a leading seed-stage venture firm founded by Don Katz, Audible’s founder, in order to catalyze the innovation economy in Newark. To date, NVP has invested more than $55 million in over 100 companies, nearly 60% of which have female founders or founders of color.\n\nNVP’s support is also unique in that it goes beyond the financial, leveraging Audible’s knowledge base and the skillset of its employees, as well as other limited partners, to provide mentorship and other assistance. Said [Vaughn Crowe](https://www.audible.com/about/newsroom/vaughn-crowe-joins-newark-venture-partners-to-lead-firms-second-fund), Managing Partner of NVP, \"One of the reasons we've been successful is that we have incredible partners like Audible, who has been extremely helpful in providing technical and strategic expertise to our portfolio companies. That type of relationship is invaluable to us as a fund, and it has helped us put Newark on the map as a place founders want to be part of.\"\n\nWe caught up with three founders whose companies received support from NVP, to learn more about what they do and how NVP’s support was vital in helping them get off the ground. They represent a wide range of industries—robotics, mental health, and media—that reflect the variety of companies in NVP’s portfolio."}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"bbGfyE5FKFYzEEAYMVXVr","type":"Entry","createdAt":"2023-07-26T15:54:17.323Z","updatedAt":"2023-07-26T15:54:17.323Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":2,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"###### Mobot\nEden Full Goh was first struck with the idea for [Mobot](https://www.mobot.io/) while working in product and engineering for a medical device startup, where she spent long hours performing software and firmware tests and updates, over and over, in order to ensure the device would perform perfectly when presented to hospitals. Late one night, thinking about how much testing she still needed to get done, Full Goh had an epiphany: “I could program a robot to do this!” \n\nFull Goh’s wife gave her six months to execute a plan in order to make Mobot a reality. In that time, she taught herself how to code in order to build and program a prototype robot, which she carried back and forth on the train from Newark to Manhattan, demonstrating to potential customers its power to automate rigorous software testing. \n\nAfter securing a few early customers, she started working with NVP, which became Mobot’s first investor. “The NVP team was critical in the early days of building Mobot, as I learned about all aspects of business, including how to run sales, how to pitch IT departments at large enterprises, and what to include or avoid when creating legal contracts,” says Full Goh. “I also worked with NVP’s industry partners to get crucial market feedback and pitch potential customers early on, which helped hone Mobot’s go-to-market engine.”\n\nToday, Mobot serves more than 60 customers, conducting quality assurance tests on popular apps for mobile and wearable devices that serve hundreds of millions of users. As Mobot grows, “the NVP team has continued to provide incredibly valuable ongoing support and guidance, which we’re very grateful for.” "}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"3K7odIdMEwpXJRUKyER0Is","type":"Entry","createdAt":"2023-07-26T15:54:55.062Z","updatedAt":"2023-07-26T15:56:43.716Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":5,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsQuoteBlock"}},"locale":"en-US"},"fields":{"quoteText":"One of the reasons we've been successful is that we have incredible partners like Audible, who has been extremely helpful in providing technical and strategic expertise to our portfolio companies. That type of relationship is invaluable to us as a fund, and it has helped us put Newark on the map as a place founders want to be part of.","personName":"Vaughn Crowe","personTitle":"Managing Partner of NVP"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"enjjobqH773Xg7oMLT3tM","type":"Entry","createdAt":"2023-07-26T15:53:54.179Z","updatedAt":"2023-07-26T15:53:54.179Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":2,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"\n###### Handspring Health\n[Handspring](https://www.handspringhealth.com/about) is an affordable mental health provider for young adults and children, co-founded by Sahil Choudhry and Kwasi Kyei. A graduate of the New Jersey Institute of Technology in Newark, Choudhry was working for an insurer, investing in startups and doing deep dives on industry problems and solutions, when he noticed that a significant number of mental health claims were coming from people under the age of 26. \n\nRecognizing a pressing need for more mental health providers focused on children and young adults, Choudhry spoke with clinicians, pediatricians, and parents to better understand the problems a business would need to solve in that space. The answers came down to access, affordability, and quality of care. “We are trying to attack all three,” he explains. Handspring offers their services for much less than the going rate, and aims to work with insurers to make this even more affordable for families (they’re currently in-network with United Healthcare in New Jersey, with more to come). The company also invests heavily in the growth and development of its therapists, with in-house training programs that use evidence-backed practices in treating children. \n\nWhen Choudhry approached NVP, he says they had also identified the need to bring quality mental health care to families who haven’t traditionally had access, and were enthusiastic about helping to bring Handspring to life. In addition to providing funding for Handspring, NVP was able to connect Choudhry to important New Jersey stakeholders like charter schools, universities, hospitals, insurers and real estate brokers, allowing the company to get a real foothold in the industry.\n\nCurrently, Handspring offers its virtual sessions in five states, and plans to open physical clinics in 2023. One of the first places they’d build clinics is in Newark, to serve kids and college students. Plus, it’s where Handspring is headquartered. “I’ve seen Newark grow and change, and it’s exciting to see so many businesses moving in,” says Choudhry, of his college stomping grounds. “It’s getting easier to attract talent here.”"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"3sa0209epr53"}},"id":"591KZyHuVgX4LXX2sV2wx6","type":"Entry","createdAt":"2023-07-26T15:53:34.676Z","updatedAt":"2023-07-26T15:53:34.676Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":2,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"newsCopyBlock"}},"locale":"en-US"},"fields":{"copy":"###### Meet Cute\nFounder Naomi Shah describes [Meet Cute](https://www.meetcute.com/) as “a modern entertainment brand with a focus on original, cinematic audio shows, especially for Gen Z and millennial audiences.” Working with thousands of creators, Meet Cute develops, produces, and distributes audio stories that are “rooted in optimism and perspective.” Each month, [a new series is released](https://www.meetcute.com/editorial/blog/1izYIeITMXXECf76MFSurD) in 15-minute episodes that drop on Tuesdays and Fridays, on every podcast platform. Meet Cute also produces a slew of rom-com-obsessed original content on social media. \n\nShah hadn’t planned on getting into media and entertainment. She started her career on the trading floor at Goldman Sachs, but “soon craved something more entrepreneurial and creative.” Shah researched and analyzed companies focused on broadening access well-being, “particularly areas of well-being that are traditionally overlooked in venture [capital], including movies, podcasts, and concerts.” Shah created Meet Cute to serve those areas and give creators a space to create feel-good, short-form audio content at a rapid pace.\n\nMeet Cute started working with NVP in 2020. In addition to funding, “The NVP team has been abundantly helpful to us in making introductions to notable people in media,” she says. Shah was introduced to various teams at Audible, who lent their expertise in producing and distributing some of the world’s leading audio entertainment. “Their continued support and birds-eye view of the audio storytelling market has helped us at each stage of growth,” says Shah.\nThat’s one of the biggest boons of NVP’s support, the founders all report—that it goes beyond funding and offers connections, mentoring, and advice. “I’ve learned that good investors aren’t just financial investors,” Shah says, “but mentors and champions for the company and founder.”"}}]}}]}},"asinData":{},"pageType":"single","preview":false}},"page":"/newsroom/[...query]","query":{"query":["audibles-business-attraction-program-welcomes-latest-companies-to-newark"]},"buildId":"ljKEhl9QNCoDZBwt8RRH8","assetPrefix":"/about","isFallback":false,"dynamicIds":[50877],"gssp":true,"appGip":true,"locale":"en-US","locales":["en-US"],"defaultLocale":"en-US","scriptLoader":[]}</script></body></html>