Mayor Al Nagy of Newark, California recently had a city address in which he discussed economic development plans for the community.
Mayor Nagy recalled his calls that he received as a leader to the region of Newark. One of the first calls was from the Fullfillment Warehouse as they were planning on closing the building.
The closing of the warehouse troubled the mayor as the city of Newark would lose almost $1 million dollars in regards to its operating budget. The Mayor also received a positive call from a Palo Alto Representative as a company wanted to relocate to the Research Center in Newark.
Many technology companies have moved to the Research Center such as StemCells Incorporated and a branch of Logitech. The City Address took place at the Hilton Hotel and the Mayor elaborated on the successes of the community and where it is headed.
Some of the successes include:
- The ultimate restoration of programs due to the generation of revenue from Measure U which implemented a user tax of approximately 3.5 percent
- Programs opening such as the local senior center and reinstating the neighborhood watch program
The restoration process took place in a conservative manner according to the mayor as the reserves and budget were affected during the process.
The Mayor stated that the region of Newark is headed in the right direction in regards to development but they are not out of the “woods” yet. There have also been many prominent businesses that have opened in Newark such as Ross Dress for Less and Fiat of Fremont. Many companies are realizing the benefits of moving to the region of Newark according to the mayor. Many of the leaders will focus upon bringing new businesses to the area of Newark.
Overall, economic development is going to be pivotal if the community of Newark moves forward.