Newark is an important economic center for the state of New Jersey. It is home to Port Newark, the
largest port on the East Coast and third largest port in the country. Newark has a thriving business
community where both major corporations and small businesses boast Newark as their corporate
address. The city also has the largest education center in the state with over 50,000 students and faculty
at its five colleges and universities. Newark is home to both the premiere arts and cultural center in the
state - the New Jersey Performing Arts Center, and, the premiere sports arena in the region - the
Prudential Center, home of the New Jersey Devils. The city has flourishing cultural hubs and
neighborhoods and is a global transportation hub with immediate access to seven major highways, an
international airport and Penn Station. These are the competitive assets that the Newark Alliance works
in partnership with other entities to leverage into greater economic opportunity.