Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2025 Annual Budget of Newark Alliance, Inc. Purpose: Introducing and Approving the 2025 Annual Budget of the Newark Alliance, Inc. Amount: $2,312,850.00 Budget Period: January 1, 2025 through December 31, 2025 Additional Information: Ordinance 6PSF-H, adopted on June 19, 2013, authorized the creation of the Greater Newark Tourism Improvement District Management Corporation d/b/a The Greater Newark Convention and Visitor’s Bureau, to serve as the District Management Corporation of the Greater Newark Tourism Improvement District. Ordinance 6PSF-h adopted on January 8, 2025, designated the Newark Alliance, Inc. as the District Management Corporation for the Greater Newark Tourism Improvement District, thereby replacing the Greater Newark Tourism Improvement District Management Corporation.