In his State of the City speech Mayor Booker announced that Pitney Bowes would be relocating it’s international mail sorting facility to Newark, NJ as reported in the Real Deal among press outlets. This means nearly 200 jobs brought to Newark, 180 immediately and 25 over the next 5 years.
Beyond the immediate economic and employment impact this move highlights the competitive advantages the City of Newark possesses. Logistically there is no city comparable on the eastern seaboard. Newark is a hub for land, sea and air transportation with Newark Liberty International Airport, the Port of Newark, CSX, Norfolk Southern and Conrail freight terminals and Interstate 95 , 78, Route 1 & 9. newark is less than 20 minutes from Manhattan and located nearly midway between Boston and Washington.
What else could a business ask for? Oh right incentives. The Deal was consummated through the efforts of the Newark UEZ and the Brick City Development Corporation which were able to provide financing, tax incentives and long term tax breaks for Pitney Bowes.
This is another big win for Newark and one more step toward a tipping point making the world aware of the strategic benefits of Newark.