Newark Makerhoods-an Affordable Live/Work Community

Newark,
NJ
(2020)

Newark Makerhoods-an Affordable Live/Work Community

Business Development, Community, Historic Rehabilitation, Incubator, Manufacturing

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises.

Investment

NMTC Amount: $10,500,000
Total Project Cost: $29,648,022

IMPACT

56 FTE jobs
111 construction jobs

CDEs

New Jersey Community Loan Fund

Investor

Unknown

Project Description

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises. The Campus will include live/work facilities for 16 commerical tenants, business support services, and community programming. Business programs for entrepreneurs will include workshops, seminars, one-on-one advising, and meetups to cover topics like financial planning, marketing, sales, access to capital, management skills, and more.

MAP

Address: 601 Dr. Martin Luther King Jr. Boulevard, Newark, NJ 7102

Census Tract: 34013022800

News Stories

Historic Mansion Neglected for Decades in Newark Slated to Become Artisan Housing

Other New Jersey Projects

Aerofarms/Makers Village

Newark,
NJ
(2015)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, Incubator, Manufacturing, Retail

CDE(s): Dudley Ventures, GS New Markets Fund

AeroFarms, a mission-driven company, developed a 69,000 sq. ft. industrial site into the world's largest indoor vertical farm for baby leafy greens, producing up to 2 million pounds annually.

Robert Wood Johnson Fitness and Wellness Center

New Brunswick,
NJ
(2011)

Community, Grocery and Fresh Food, Housing, Infrastructure, Mixed-use, Recreation, Retail, Retail and Commercial, Transit Oriented Development, Transportation and Ports, YMCAs and YWCAs

CDE(s): CCG Community Partners, Wells Fargo, WNC National Community Development Advisors

Transformation of an underutilized downtown New Brunswick site into a major transit-oriented, mixed-use facility focused on community health.

Newark Call Center

Newark,
NJ
(2013)

Mixed-use, Office, Professional Services, Retail, Retail and Commercial, Sandy

CDE(s): CCG Community Partners, New Jersey Community Loan Fund, USBCDE

NMTC financing supported the rehab and new construction of two modern, mixed-use buildings in order to retain and attract tenants that provide diverse services to the Newark community, in the

Cooper Cancer Center

Camden,
NJ
(2012)

Community, Fighting Cancer, Healthcare

CDE(s): Building America CDE, Dudley Ventures, PNC

Development of cancer treatment facility and leasing to affiliate.