News

Newark program incentivizes local shopping for residents

Posted: Updated:
NEWARK -

Newark is the latest city to launch a program that make rebates available to residents who shop within the city limits.

The program is simple, spend money at a participating business and get cash back or tax credits. 

The model is already in place in other New Jersey towns, such as like Marlboro and Union.

Businesses simply pay $10 a month, and customers will swipe a card.

According to the program developers, on average, a person could get several $100 cash back at the end of the year or if you own property, an equal amount in tax credits. 

Newark Mayor Ras Baraka explained why he thinks this will have such a positive impact.

"Everybody has pushed so we can grow and have a robust small business community,” says Baraka. “Now we need residents to invest their dollars in the city where they live. This is an opportunity to do that: to get a tax rebate just so you can shop around the corner from where you live, I think it's an awesome idea."

Smitty and Mo’s is one of the first businesses to sign up.

Organizers say if 100 businesses sign up, it could add up to $6 million extra into the community in just three years.

The program will launch in June.

Interested business can sign up going to their website.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."