Newark Alliance CEO Hopes New York's Amazon Loss is New Jersey's Gain
*By Carlo Versano*
After packing up its plans to open a new campus in New York City, is it possible Amazon will cross the river and set up shop in Newark, N.J.?
That city is holding out hope that Amazon's exodus from New York doesn't mean that it's done expanding in the region. Aisha Glover, president and CEO of the Newark Alliance, told Cheddar on Tuesday that her job is to "gently nudge them and remind them that Newark is still there."
Amazon ($AMZN) is no stranger to Newark. Audible, the audiobook giant that Amazon purchased more than a decade ago, calls Newark home and recently expanded its operations there. Once [considered](http://connection.ebscohost.com/c/articles/9612303858/americas-safest-city-amherst-n-y-most-dangerous-newark-n-j) the most dangerous city in the country, and among the most corrupt, Newark's economic development arm has succeeded in helping to turn the city into a business hub. In addition to Audible, PSEG, Panasonic, Prudential, and IDT all have major hubs in town.
While Amazon has said it plans to focus on its forthcoming expansions in Virginia and Nashville, Glover said she suspects the company will still want to expand operations in or around New York in order to tap into the city's large and diverse talent pool. (Indeed, Amazon is still growing its NYC workforce even after killing the HQ2 project.) Glover said Newark is well positioned to benefit, given its proximity to Manhattan, public transit, and lower cost of living and real estate.
In its original bid for HQ2, Newark was proactive about gathering community feedback for its proposal before it was submitted. That helped to "bake in"any complaints or concerns raised by locals about the deal ー unlike what happened in New York, where the bidding process was more opaque. Even if Amazon demurs on a Newark campus, Glover said the city's economic development strategy should be considered a model for how cities recruit large corporations in an era of widening inequality and gentrification concerns.
For now, it's back to work, she said. "Then trying to identify the next Amazon."
For full interview [click here](https://cheddar.com/videos/after-new-york-city-fiasco-newark-is-still-courting-amazon).
The social video platform's future remains in doubt, as players scramble to profit from the chaos. Plus: Big oil gets bigger, DOGE downsizes, and tariffs!
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."
J.W. Roth, CEO of Venu Holding Corporation, discusses the company's IPO and plans to redefine live music entertainment with their fan founded, fan-owned model.
Variety's Clayton Davis discusses why more than just the 1% are struggling after the LA fires. Plus, how awards shows will pivot to help victims. Watch!