Makerhoods Live/Work in Newark

 
 

The application window is OPEN!

If you’re interested in becoming a Newark Maker, you may apply by clicking on the button below. Three Maker Shops are open and three Food Maker spaces are open. We may contact you if your application aligns well with our program.

 

Rent an apartment and Maker Shop starting around $2,500/month*

Are you a maker, artisan, or creative who wants to grow their passion into a thriving business? Have you outgrown your living room and are ready for the next step in your business?

While it’s easier than ever to start a business, it’s harder than ever to grow a profitable business – making consistent sales, keeping up with customer and technology trends, managing inventory and cash flow, plus taking care of household bills and responsibilities.

The Makerhoods Live/Work program is a new approach to solve these challenges that small business owners face. Our mission at Makerhoods is to help people grow profitable businesses that create prosperity, secure their futures, and build inter-generational wealth. 

For one affordable monthly cost, accepted Makers receive an apartment, a separate commercial space to run their business, and business services all in an active, supportive community.

Watch the information session video to learn more about the Newark Makerhoods Live/Work program.

Makerhoods is accepting applications for product, service and food makers. If you have questions regarding the application process please contact us.

*Estimate only. Rate may be subject to change.

 
 

Who We’re Looking For

Makers create products people love to wear, eat, drink, use, gift, or decorate with. We are seeking to curate businesses that are at their core are artisanal, maker, creative, or light manufacturing (i.e. things skillfully and lovingly made by hand or produced locally).

Accepted makers may have a small resell or service component to their business, but the majority of the products should be produced on-site at Makerhoods.

Newark Makerhoods is focused on food & beverage, fashion & beauty, and neighborhood service businesses. Some possible business may include but are not limited to:

 
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Food & Beverage Makers

  • Caterers

  • Bakers

  • Meal prep delivery services

  • Virtual restaurants

  • Juices and other beverages

  • Consumer packaged goods

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Fashion & Beauty Makers

  • Apparel, jewelry, shoes, handbags, or other accessories

  • Skincare, makeup, haircare, or nailcare maker (may or may not provide services)

  • Tailor/seamstress/sewist

  • Industrial sewer

  • Supply chain vendor for the industry

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Neighborhood Services

  • Coffee shop or café

  • Shipping and printing services

  • Wellness/fitness

We are open to other business categories as long as it is a maker business. If your business does not fall into one of these categories, but you believe it would benefit the Newark Makerhoods community, contact us at info@makerhoods.com.   

 

Live/Work Package

The Makerhoods Live/Work program includes commercial space, an apartment, and business support services starting around $2,500 a month*.

 
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Food and Beverage Businesses (6 openings)

  • Commercial kitchen space coming Winter 2024!

  • Dedicated kitchen space for production in a shared, 24/7 access commercial kitchen 

  • Ability to book the demonstration kitchen space for revenue-earning events (classes, dinners, pop-up restaurant, etc.)

  • A 1, 2, or 3-bedroom apartment to meet your household needs (based on availability and qualification).

  • Access to the Makerhoods Market and other selling opportunities 

  • Business coaching, advising, training, and resources to help grow your business and reach your goals


Fashion and Beauty Businesses and/or Neighborhoods Services (10 openings)

  • A commercial shop for production, retail, events/experiences, and/or office space. The sizes of the commercial shops range from 525 square feet to 855 square feet. Each shop has its own toilet, sink, and mezzanine.

  • A 1, 2, or 3-bedroom apartment to meet your household needs

  • Access to the Makerhoods Market and other selling opportunities 

  • Business coaching, advising, training, and resources to help grow your business and reach your goals

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Greenhouse (1 opening)

  • A 3,200 square foot insulated greenhouse for growing herbs, vegetables, flowers, juice bar, and more

  • A 1, 2, or 3-bedroom apartment to meet your household needs

  • Access to the Makerhoods Market and other selling opportunities 

  • Business coaching, advising, training, and resources to help grow your business and reach your goals

The exact cost of the Live/Work package may vary based on the apartment size, the commercial space size, and household income status. Households at the regional 50-70% AMI set by the NJ Council on Affordable Housing income-qualify for affordable housing. Makers are responsible for utility, internet, and Common Area Maintenance fees. 

Selection Process & Application

Timeline

  • Applications are accepted and reviewed on a rolling basis.


Eligibility

  • Maker business - You design and/or produce the products that you sell.

  • An existing for-profit business generating a minimum of $2,000/month in sales or $24,000/year*

  • Willing to live on-site at the Makerhoods residences in Newark

  • Able to commit to working full-time on your business**

  • One business per applicant

  • Legally incorporated business with all applicable licensing and permits

  • Must have business insurance

  • Majority business owner must be 21-years or older as of the application due date

  • Business owner is a legal resident or citizen of the U.S. 

  • Preferred Applicant:

    • Current or former Newark resident

    • Household income at 50-80% AMI

    • Business owner from traditionally underrepresented demographics

**Revenue exceptions may be made for certain businesses. If you have any questions, please contact us at info@makerhoods.com.

**Or has a plan to meet Live/Work expectations (see below under the Expectations section).

We strongly encourage all eligible individuals to apply regardless of race, color, religion, national origin, ethnicity, gender identity, marital status, familial status, sexual orientation, occupation, income status, or disability.


Evaluation

Makerhoods selection committee will review complete applications through the lens of five main criteria:

  • Entrepreneurial mindset. We are looking for Makers who have an entrepreneurial mindset, as defined as being self-starting, future-thinking, able to overcome barriers, determined, and have good follow-through.

  • Business model. The business should have the potential to provide the business owner with a living wage (and beyond). The business owner should have a vision to get there. 

  • Traction. We are looking for Makers who have been generating sales (online, at markets, informally, etc.), who can demonstrate proof of business concept and market demand. They should have a consistent monthly revenue of $2,000/month or $24,000/year.

  • Potential for impact. We are looking for Makers in which Makerhoods will have a significant positive impact on the Maker and/or their family.

  • Community-oriented. We are looking for Makers eager to develop as business owners and grow their businesses within a like-minded entrepreneurial community.


Application

The application asks questions and requires documents typical to a business plan, as well as additional questions to get to know you and your business. Successful applicants will move on for an in-person interview. Below are the open-ended questions and documents we will be asking.

Questions:

  1. Please submit a 1-2 minute video explaining why you would like to be a tenant in Newark Makerhoods, your business vision, and how being a resident of Newark Makerhoods would positively impact your business.

  2. Please describe your business, mission, and the need you are addressing. (300-word limit)

  3. Who are your competitors and how are you different from them? What makes your business unique? (300-word limit)

  4. What is your target market or who is your target customer? (300-word limit)

  5. How do you promote your business? (300-word limit)

  6. How does your business make money? In other words, what is your business model? How much do you charge for your products, how much does it cost you, and what activities are required to produce your product? (300-word limit)

Documents:

  1. Proof of business - Federal EIN and NJ State registration

  2. Proof of insurance - Certificate of insurance

  3. Prior revenue and projected revenue - Tax statements, P&L statement

Maker Expectations

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Makerhoods Live/Work is not an incubator or accelerator program in the traditional sense; there is no graduation date. Accepted Makers can be part of the program as long as it fits their business needs, and they meet the program’s expectations.

These expectations are in place to ensure that the community is a vibrant place of commerce. Makers will be regularly evaluated on the progress of their business and adherence to the community expectations.

Makers are expected to:

  • Join the online Makerhoods Market

  • Share business data and financials with Makerhoods for the purpose of receiving business advising and coaching

  • Participate and utilize Makerhoods business development services

  • Have Maker Shop open 5 days per week during Shopping Hours, Monday - Friday 10am - 6pm.

  • Participate in Makerhoods events

  • Only use the commercial space and amenities for the business described in the application

Makerhoods expectations, policies, and community guidelines are subject to management discretion and ongoing update.  Failure to comply with the expectations and policies may result in removal from the program.

Maker Shops + Newark Food Factory

Fashion & beauty and neighborhood services businesses will have space in the Maker Shops. Food & beverage businesses will be based in the Newark Food Factory.

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FAQs

Please review some frequently asked questions about the Live/Work program. We also have an ongoing list of questions asked at information sessions. You can view the questions and answers here.

+ Application

** I don't meet the revenue requirements, should I still apply?** Our target revenue is $2,000/month or $24,000/year. However, we are taking several other factors into consideration. (1) COVID could have hurt your revenue. (2) Your revenue is close but having your own space will help you grow your revenue. (3) Your business must have a physical location to be in operation, for example, a coffee shop or shipping services business. Overall, we are looking for sales traction - are you consistently making sales? - and with your business sales and other sources of income, can you afford the Live/WorkProgram?

There is no revenue maximum.

Our business has multiple owners. Can we still apply? Yes. The majority business owner must complete the application and will be considered the main point of contact. Not all business owners are required to live at Makerhoods in Newark, only the majority business owner.

Do I need to complete this application if I want to work in the Krueger-Scott Mansion? No. If you’re interested in renting office space or co-working in the Krueger-Scott Mansion, please complete this form to receive more information when it is release: https://www.makerhoods.com/kruegerscott-mansion

I just want to work out of the commercial kitchen. Do I have to live on site? Yes, to work in the commercial kitchen you must live on site and be accepted into the Makerhoods Live/Work program.

What types of business are permitted and not permitted to apply? Please see the full list here: https://www.makerhoods.com/makerhoods-market-terms-and-conditions#products.

+ Costs

How much do the Maker shop spaces cost?

  • Units 1 - 10: 525 - 690 square feet at $600 - $1400 gross monthly rent (including WiFi) depending on size; plus additoinal common charges.
  • Kitchen Space: Shared commercial space at $897 (including WiFi) plus additional common charges.
  • Greenhouse: 3200 square feet at TBD
  • All listed rent estimates subject to change.

Are there additional fees in addition to commercial rent? Yes, Makers are responsible for utilities and Common Area Maintenance fees.

How much do the apartments cost? The pricing for the apartments will depend on if your income qualify and the size of the unit. Please complete an application with ResMate for details: https://www.liveatmakerhoods.com/

Is there a deposit? If you are accepted into Makerhoods Live/Work, to secure your spot you will need to provide a month’s rent deposit for both the residential and commercial spaces.*

Will my rent ever increase? Yes, the residential and commercial rent monthly costs will increase incrementally to cover rising costs. However, our goal will remain to keep housing and commercial space as affordable as possible.

+ Lease

What type of lease will I sign? As an accepted Maker, you will sign two separate leases: a residential lease for the apartment and a commercial lease for the commercial space.

+ Program

How long can my business stay in the Makerhoods Live/Work? Your business can stay as long as you like if you continually meet the program’s expectations, guidelines, and community policies. If your business grows, you may need to seek a larger space outside of Makerhoods.

What if I am removed from Makerhoods Live/Work? A Makerhoods runs like a mall and the success of each Maker affects the success of all Makers. As such, a Maker may be removed from the Makerhoods program if they fail to meet the program’s expectations, guidelines, and community policies. If this were to occur, the Maker and Makerhoods will be in discussions prior to the actual eviction to remedy the situation.

Do I have to live at Makerhoods in Newark? Yes, all accepted Makers must live at Makerhoods in Newark. This is a critical part of Makerhoods to create a thriving live/work community. We want all Makers to feel a sense of ownership in and connection to the community. A grace period for the actual move-in date may be applied and will be determined on a case by case basis.

Is the commercial space furnished? No, the commercial shops are not furnished. The business owner is responsible for furnishing the space and can work with Makerhoods for custom build-out needs. Makerhoods may also provide assistance in securing capital for build-outs or equipment.

+ Parking

Is parking available? There are parking spaces available to residential tenants. Parking permits will be available for purchase on a first come first serve basis. Street parking is available.

+ Other

What kind of foot traffic can I expect for my business? The Makerhoods in Newark site is surrounded by several schools, small offices, and will have a built-in community of apartment residents and office tenants. We plan to host many community events that will drive traffic to the site as well. However, we do not expect foot traffic to be the main source of customers for our Maker businesses. Makers should have a strong sales and distribution plan that is not dependent on foot traffic.

+ Contact

Interested in chatting about your business or have questions about the program? Email info@makerhoods.com