Newark Makes List Of '25 Fastest-Growing Cities For Small Businesses'

Newark NJ

02 May, 2022

7:04 AM

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NEWARK, NJ — New Jersey's largest city, Newark, is also a good place to start a small business, according to a recent study. OpenPhone, a startup working on communication solutions for small businesses, recently released a list of "America's 25 fastest-growing cities for small businesses." Read the full report and methodology here. Newark ranked 16th-highest on the list. The chart-toppers were Apex, North Carolina (#1), Bentonville, Arkansas (#2) and Folsom, California (#3). Researchers ranked the top 1,000 U.S. cities with populations over 50,000 by four key growth factors: Business applications by countyCity population growth ratesBusiness survival rate by stateSmall business funding Catch up on some recent local stories about small businesses and Newark entrepreneurs below (click headlines to read article). Newark Gym Worker 'Pivots' After Job Loss, Opens His Own Business When the coronavirus pandemic began, Widchard Jilus lost his job at a corporate gym. Now, he's launched his own business in Newark. 'Empowerment Studio' Launches For Newark Women: Video "By using a shared space, the high cost of individuals renting a space is removed." Newark Teen Entrepreneurs Make Splash With Student-Created Hot Sauce A farmer's market at Newark Beth Israel will sell Rider Heat Hot Sauce, which was created by the West Side High School Business Club. Craft Brewery, Climbing Gym Now Open At Revived Newark Building A pair of exciting new destinations are open in Newark: a craft brewery/taproom and an indoor rock climbing gym. Newark Photo Exhibit Spotlights Black Women Business Owners "Self Made," an exhibition of photos of local business owners, will be on display at the Newark Public Library. Send local news tips and correction requests to [email protected]. Sign up for Patch email newsletters. Learn more about posting announcements or events to your local Patch site. Don't forget to visit the Patch Newark Facebook page.