Rutgers report links Newark gentrification to job creation deficiencies

A recent report from Rutgers Law School has raised alarms about gentrification in Newark, highlighting a troubling trend of job stagnation amid rising housing costs. The report, which analyzed data over the past decade, indicates that while Newark is undergoing significant changes, it is not seeing the job growth necessary to support its evolving economy.

According to the findings, Newark is experiencing "job gentrification," where investments in high-end housing and renovations are driving up prices without a corresponding increase in job opportunities. This situation mirrors trends seen in other New Jersey cities like Jersey City, which is described as fully gentrified, while Newark is still in transition.

During a recent Newark Municipal Council meeting, a council member emphasized the urgency of addressing this issue, stating, "It should be alarming that we lack job creation." The council member pointed out that despite the city offering substantial tax abatements intended to stimulate job growth, the government’s current efforts are falling short.

The discussion underscored the need for accountability and action, with a call for the administration to appear before the council to discuss the Affirmative Action Review Council. This body is responsible for monitoring compliance with Newark's resident employment policy, which is crucial for ensuring that local residents benefit from job creation initiatives.

As Newark navigates its gentrification journey, the focus remains on aligning housing development with meaningful job opportunities to foster a more equitable community. The council's next steps will be critical in addressing these pressing concerns and ensuring that the benefits of growth are shared among all residents.