A — January 31 - February 13, 2014 — Economic Development — Mid Atlantic Real Estate Journal
www.marejournal.com
E conomic D evelopment By Paul G. Clarke, Greater Newark DE Greater Newark: it all adds up
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Class Group. The heart of the presentation and discussion was regarding, place, driving innovation. Greater Newark, DE is well situated to be the place in the Mid-Atlantic mega region driving innovation. Global leaders such as Air Liquide, AstraZeneca, Chris- tiana Care, DOW Chemical, DuPont, W.L. Gore, FMC, GE Aviation and Siemens Healthcare Diagnostics have chosen to locate in the Greater Newark Area because of its strategic location in the Mid- Atlantic near Interstate 95, its highly educated workforce, its proximity to a top research
university and its responsive local government—as well as a quality of life that’s afford- able, fun and family-friendly. These innovative companies see Greater Newark as the place driving innovation. Along with these global lead- ers, Greater Newark’s new an- chor tenant is the University of Delaware. After Chrysler shut down their car manufacturing facility, the university pur- chased the 272 acre brownfield site as the new innovation op- portunity zone for the region. To date, Bloom Energy from Sunnyville, CAhas moved their East Coast operations to STAR
Campus at UD. They manu- facturer Bloom Energy Boxes. These boxes put natural gas through a catalytic process that outputs electricity. Bloom is trying to revolutionize energy in the United States. Along with Bloom Energy, the Col- lege of Health Sciences opened their new building on January 2nd of this year. They will have three wings of the building to promote cross-collaboration be- tween academia, government and business. Recently, the Data Centers, LLC also signed a land-lease deal with the Uni- versity of Delaware for 900,000 s/f of space. They will co-gener-
ate their own power for 100% reliability. As you can see, the new STAR Campus is bring- ing businesses that can work in collaborative ways with the University of Delaware and make the University the eco- nomic development driver for years to come. To go with its new innova- tion hub, Greater Newark, DE has a vibrant downtown. New development projects continue to pop up on Main Street that cater to a mixed use, urban crowd. The Philadelphia 76ers moved their D-League basket- ball team to the University of Delaware’s Bob Carpenter Center. You can watch the 76ers top prospects play in the Newark one week for the 7’s and then make the short drive to Philadelphia to see them star in the NBA. Greater Newark, DE isn’t just for the university students. With new, executive style restaurants like Taverna, 16Mile Taphouse and Iron Hill Brewery, people of all ages are migrating downtown. Baby boomers and millennials alike are wanting to live, work and play in Greater Newark, DE for its location, opportunity, quality of life and cost of liv- ing/doing business. In Greater Newark, DE, the creative economy is set to take off and be the new leader in the Mid-Atlantic mega region for innovation. Place matters and Greater Newark, DE is the place that is driving innovation for the future. In Greater New- ark, DE, it all adds up. n PrinceWilliamCounty reports annual econ. dev. totals PRINCEWILLIAMCOUN- TY, VA. — In 2013, Prince Wil- liamCounty worked on 20 proj- ects with non-retail companies stating their intent to invest more than one billion dollars in the County. This is the highest commercial capital investment total in the 17 years that the Department of Economic Devel- opment has been tracking such activities. These 20 projects will create 354 new jobs in Prince William County. This investment was spurred by the County’s burgeoning data center market. The con- tinued growth in the data center industry is mostly at- tributed to the county’s robust fiber network, very competitive power rates and the ability to provide some quick develop- ment reviews. n
reater Newark, DE is going through a revolu- tionary transformation.
The Greater Newark Eco- nomi c De - v e l o pme n t Partnership h o s t e d a n event around a t h o u g h t p r o v o k i n g economic de-
Paul Clarke
velopment trend on Thursday, January 23rd at the Embassy Suites in Newark, DE. GNEDP brought in world renowned thought leader Steven Pedigo fromRichard Florida’s Creative
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(302) 294-2067 info@greaternewarkde.com www.GreaterNewarkDE.com
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