NJ TV’s Brenda Flanagan Reports

A new report shows that, despite Newark’s ongoing renaissance as a corporate and cultural hub, the new wealth is not, for the most part, flowing to much of its population — the communities of color that make up the majority of city residents.

The report, “Racial Wealth Divide in Newark,” was the subject of a panel discussion Thursday at the Prudential Center comprising city officials, advocates and the groups behind the report —Prosperity Now, which authored the study, the non-profit New Jersey Institute for Social Justice and Prudential, the Newark-based insurance and financial company.