Newark element14, sometimes called Newark Corporation, Newark or Newark Element14, is a Chicago-based electronic components distribution company serving North America and parts of Central and South America. Founded in 1934 as Newark Electric, a small Chicago shop selling radio parts, the company is now a subsidiary of catalog distributor Premier Farnell and is the sixth largest electronics distributor worldwide.
The firm was first established in 1934 as Newark Electric, a small shop in Chicago that sold radio parts. The name Newark pays homage to Newark, New Jersey, the site of the United States’ first radio station. The company published its first catalog in 1948. In 1968, Newark was acquired by the Premier Industrial Corporation and became the corporation's Electronics Distribution Division. In 1996 the Premier Industrial Corporation was bought by Farnell Electronics and became part of the Premier Farnell Group. At this point Newark Electronics was moved into Premier Farnell's Marketing and Distribution Division, where it has remained to date. The company's website, Newark.com, launched in 1997. The company is in the process of transitioning its brand, along with Premier Farnell's other regional businesses, to be known as element14 globally.
According to the United States Census Bureau, the city has a total area of 21.37 square miles (55.35km2), of which 20.88 square miles (54.08km2) is land and 0.49 square miles (1.27km2) is water.
The median income for a household in the city was $19,791, and the median income for a family was $42,138. Males had a median income of $18,542 versus $12,868 for females. The per capita income for the city was $17,819. About 10.1% of families and 13.0% of the population were below the poverty line, including 17.9% of those under age 18 and 9.0% of those age 65 or over.
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