EqualSpace has opened a new co-working space in Newark, NJ to support minority-led businesses. According to Tap Into Newark, the new ES550 Tech & Innovation Campus is a 50,000-square-foot, multi-floor facility situated at 550 Broad St. and promises to be a game-changer for entrepreneurs of color. A Space For Minority-Led Businesses The inception of EqualSpace was driven by Citi Medina‘s vision to create a safe and supportive environment for minority talent, Blavity reported. Originally from Brooklyn, NY, Medina relocated to Newark and noticed a significant gap: no co-working spaces catered
Audible has recently welcomed four new minority-owned businesses into its Newark, NJ-based Business Attraction Program. The initiative, launched in August 2023, aims to bolster the local economy by supporting startups through financial backing and expert mentorship. Empowering Diverse Founders The focus on minority-owned companies, especially those led by Black women, comes at an important time. Nationally, Black-owned businesses receive one percent of venture funding. Audible’s program seeks to change this disparity by offering each company up to substantial non-dilutive grants of $250,000. These funds are allocated for office space, relocation, and local
Newark-based Audible is offering incentives for creative-tech startups, particularly those with founders of color, to relocate to Harriet Tubman Square in downtown Newark. Audible’s Newark Headquarters The Audible office is based in Newark, the second-most racially diverse municipality in New Jersey. The racial and ethnic makeup of Newark is roughly 50% Black people and 90% people of color. Audible was among the first tech companies to put down roots in Newark, relocating from Wayne, Indiana, in 2007. The office overlooks Harriet Tubman Square and her monument, which Audible helped develop for the
