- Associated Press - Monday, July 20, 2015

NEWARK, N.J. (AP) - Newark is hoping to lure high-tech startups from around the state and across the Hudson River.

Mayor Ras Baraka, Sen. Cory Booker and others announced Monday the creation of an investment fund that will focus on providing capital and resources for startups.

The centerpiece will be a 25,000-square-foot workspace with ultra-high bandwidth Internet access. It will be located in the building that houses the Rutgers University business school and audiobook producer Audible.com.

The building is next to the Broad Street train station in the city’s downtown district.

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