City of Newark Municipal Council Meeting Agenda 2026-05-20
City, NJEDA Sign $1M MOU for Lionsgate Studios
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Description
Newark ratified and authorized a Memorandum of Understanding with the New Jersey Economic Development Authority providing $1,000,000 in grant funding to support economic activity related to the Lionsgate Studios development.
Contract Details
Contract Amount
Grant Amount: $1,000,000.00
Vendor
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
Agency
City of Newark, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Renewal Info
MOU term is not specified; future extensions or amendments would require additional Council action.
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