Payne Attends Ribbon Cutting for New Prudential Tower in Newark

Sep 29, 2015 Issues: Economy and Jobs, Local Issues

Newark, N.J. – Today, Congressman Donald M. Payne, Jr. (NJ-10) attended and delivered remarks at a ribbon cutting ceremony to mark the official opening of Prudential’s new 20-story, 740,000-square-foot office tower in downtown Newark. The building is the workplace of over 2,000 Prudential employees, and is part of Prudential’s efforts to revitalize the city.

“Prudential’s investments are helping Newark accelerate its economic development, revitalize its infrastructure, and expand educational opportunities—all of which are essential to the success of this city,” said Congressman Payne, Jr. “Because of these investments, we’re experiencing a revived downtown Newark that has enhanced the city’s landscape and made it more enjoyable and accessible for residents. When we invest in our cities, we create pathways to economic prosperity for our communities and put in place the resources to meet local needs and priorities, such as providing quality education and strengthening our workforce.”

The official opening of the tower marked the launch of “20 Stories of Strength,” a campaign to celebrate the building and Prudential’s 140-year partnership with the City of Newark.

Congressman Payne, Jr. was joined at the event by Prudential Financial Chairman and CEO John Strangfeld, Prudential Vice Presidents Lata Reddy and Richard Hummers, U.S. Senator Cory Booker, Newark Mayor Ras Baraka, New Jersey Lt. Governor Kim Guadagno, Essex County Executive Joseph DiVincenzo, Newark City Council President Mildred Crump, and Central Ward Councilwoman Gayle Chaneyfield-Jenkins.

Congressman Payne, Jr. served as the Newark Municipal Council President when the tower was proposed, and was an early supporter of the project.