Grant to New Jersey Small Business Development Centers supports job creation

Thursday, February 10, 2011

NEWARK, N.J. – Small businesses in New Jersey will soon have greater access to critical resources to help them start or grow their businesses and create jobs, thanks to a $1.3 million grant to SBA’s New Jersey Small Business Development Center.

The funding was provided under a key provision of the Small Business Jobs Act of 2010 signed by the President last September, which provided $50 million in grants to SBA’s Small Business Development Centers (SBDCs) across the country to support job creation and retention within the small business community by providing in-depth business counseling and advice to entrepreneurs and small business owners.

The Jobs Act grants are a one-time funding intended to meet the critical need for business expansion and job creation, and are not intended to replace the core funding or the matching funds that the SBDCs require to sustain the program annually.

This one-time only grant to the New Jersey Small Business Development Center will allow it to support all 11 regional centers and satellite SBDCs throughout the state to aid small business in five main areas of concentration including international trade, technology commercialization, next stage growth, green initiatives, and innovation technology. SBDC has a regional office at Rutgers Business School in Newark.

“This is yet another example of the Small Business Jobs Act putting proven tools in the hands of America’s entrepreneurs and small business owners,” said SBA Regional Administrator, Jorge Silva-Puras.  “SBA’s extensive network of about 900 Small Business Development Centers continues to play a critical role in helping them grow businesses and create jobs.  I’m pleased that these resources are being delivered quickly to hard-hit states like New Jersey.”

The 11 regional SBDCs are located at:

Bergen Community College (Hackensack)
Brookdale Community College (Lincroft)
Kean University (Union)
New Jersey City University (Jersey City)
NJSBDC of Northwest Jersey (Hackettstown)
Raritan Valley Community College (Bridgewater)
Rutgers University (Camden)
Rutgers University (Newark)
Stockton University (Atlantic City)
The College of New Jersey (Ewing)
William Paterson University (Paterson)

For more information, contact SBA’s Acting District Director John Villios at (973) 645-2481 or State Director of the  NJSBDCs Brenda Hopper at 973-353-1927.

TAGS: Entrepreneurship New Jersey Small Business Development Center at Rutgers Newark Small Business Development