Newark

Newark has over 300 types of business. These include 1,800 retail, 540 wholesale establishments, eight major bank headquarters (including those of New Jersey's three largest banks), and twelve savings and loan association headquarters. Deposits in Newark-based banks are over $20 billion.


newark

Newark is the third-largest insurance center in United States, after New York City and Hartford. The Prudential Financial and Mutual Benefit Life companies originated in Newark. The former, one of the largest insurance companies in the world, is still headquartered in Newark. Many other companies are headquartered in the city, including International Discount Telecommunications, New Jersey Transit, Public Service Electric and Gas (PSE&G), and Horizon Blue Cross and Blue Shield of New Jersey.
Though Newark is not the industrial colossus of the past, the city does have a considerable amount of industry. The southern portion of the Ironbound, also known as the Industrial Meadowlands, has seen many factories built since World War II, including a large Anheuser-Busch brewery.

The service industry is also growing rapidly, replacing those in the manufacturing industry, which was once Newark's primary economy. In addition, transportation has become a growing business in Newark, accounting for 24,000 jobs in 1996.

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