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

Halsey Street Teachers Village Workforce Housing A

Newark,
NJ
(2012)

Community, Daycare and Early Childhood, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

CDE(s): Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

The $64 million Halsey Street Workforce Housing project was the second phase of a larger Teachers Village development designed to revitalize downtown Newark, one of the country's most economically depressed