Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

May 14, 2019

Newark, NJ Business Climate

By Achim Neumann

Newark New Jersey is home to some of the biggest corporations in the country including IBM, Panasonic Corporation, and JPMorgan Chase. The city continues to reshape its business climate as an economic renaissance is beginning to take hold as NYC outgrows itself. Situated within the gateways of the Northeast Corridor, Newark is a major transportation hub with a population of about quarter a million people and millions if you consider it’s just outside New York City.

While the city has had some troubles over the last few years, both the government and private initiatives are underway to repair the current economic status of the city. Among these programs currently being implemented by the economic council is the Urban Enterprise Zone Program, a project expected to benefit both large and small businesses.

Ideal Location for Business Expansion

Located within the heart of the Northeast, Newark is one of the oldest cities in the country. Newark is just 30 minutes or less by train to the center of Manhattan and Jersey City, both major business hubs. For businesses looking to expand their services, Newark provides an ideal location because of its close vicinity to both.

Because the city aims to attract new businesses, local business codes have been revised and simplified to lessen the burden of starting a new business within the city.

Business Tax Cuts for Hiring City Residents

In an effort to boost the employment rate within the city, the local government has set up an ordinance approving payroll tax cuts for businesses getting 50% of their pool of workers form local residents. This benefits not only local communities but encourages an increase in employment rate.

Under the new ordinance, business owners are provided with a one percent exemption on the employee tax wage deduction. The tax ordinance also relevantly comes in with the new enforcement of tax policies which hopes to bring in new investors and improve the city’s economic prospects.

Transformative Projects to Attract Potential Businesses

The city government is slowly shifting its focus to infrastructure development to boost the city’s economic landscape and create a resurgence of business opportunities.

This is not an impossible feat considering the city lies within a bustling urban area with structural assets that include connections to the busiest transportation routes in the country. Newark lies in an industrial corridor connecting several economic giants and has some of the largest educational andentertainment venues in the region.

New real estate development around the city includes the construction of commercial and office parks for various large international chains like Starbucks, Whole Foods, Chipotle, Gap, and Nike. Targeting a new economic renaissance, Newark’s close proximity to New York and Manhattan is expected to bring in a pool of new investors and talents who are looking for cheaper costs of living and better prospects for success.

There are also plenty of businesses for sale in Newark where great opportunities are available. If you’re looking to buy a business in Newark or sell a business in Newark, let the team at A. Neumann & Associates LLC assist you in your search. Starting with a qualified business valuation advisor in Newark is a good place to start, all you need to do is reach out to us!



About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or

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Client Testimonials

“I had been in touch with Karin and Gary from A Neumann & Associates regarding some opportunities and was looking forward to meeting with them. Hence, when they organized a seminar in Princeton, NJ, I was quick to sign up. The seminar was very informative as the team walked the attendees through various scenarios and referenced real life buying/selling situations they had been through. The sessions by Gary, Karin and Achim were crisp and focused and brought clarity to potential seller and buyers. I strongly recommend the team and look forward to continue working with them.”

Gaurav Tyagi

“Thank you for your Event on "How to value, Sell, and Buy A Business for Maximum Profit" and the insight into ANA’s approach on what is involved in the Business Exit for sellers. Garys Hervieiou's "Business Valuation", Achim's "Deal structure" presentation and Karin’s "Preparing the Package" are real street knowledge shared. They answered attendees questions which makes it more interesting for learning from others. Great for small businesses like us. The presentations were totally worth our time and travel for the event to Princeton, NJ from Rockville MD. Ravi Bhutani, President, CIPS”

Ravi Bhutani

“Gary, this is to thank you for an excellent job done in selling our business. We could never have done it without your professional expertise, dedication and time put in without reservation to make it happen. We will gladly and highly recommend you to anybody in our position.  It was a pleasure to work with you.”

Pat Iammatteo, Owner

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Eric H., Investor

“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Marc, who explained the process in detail. After meeting with Marc in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using to sell my business for max value. Working with Marc at A Neumann & Associates was very easy and professional. I did not know all that was going to be involved in selling my business but they helped me through the process. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. I highly recommend this firm to anybody who wants to sell now or down the road. Marc not only knows his stuff, but actually is a real nice guy.”

Double Diamond

“Used A Neumann & Associates to sale my business. could not imagine having done it with out the patience and experience Gary provided. Thanks Gary,”

Dennis Frazier

“Working with Marc and his company was a pleasure. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. Marc handled most of the interaction and he has one of the greatest demeanors. Again, it was a pleasure working with him and his firm.”

Douglas DiCeglio

“I recently completed an acquisition using A Neumann & Associates. Tony Valentino was very helpful and accessible during the entire process. They do a thorough job vetting both parties and got us to the finish line.”

Srini Mudambi

“Claus out of Florida helped us with the sale of our business. We had never done anything like this and him and his team walked us through the process from start to finish. We had some challenges through the process and Claus continued to show up even in the difficult conversations.”

Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs
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