33 Enterprise New Jersey Programs to Elevate Your Business

A Comprehensive Guide to Funding, Resources, and Support for Business Growth

Enterprise New Jersey is a leading economic development organization dedicated to supporting business growth and innovation statewide. With a diverse portfolio of programs, Enterprise New Jersey provides a comprehensive range of assistance to businesses of all sizes and industries.

Funding Programs

1. Small Business Loan Program

• Provides loans of up to $500,000 to small businesses for capital expenditures, working capital, and business acquisitions.

2. Business Growth Loan Program

• Offers loans of up to $1 million to growth-oriented businesses for expansion, new equipment, and other business needs.

3. Technology Commercialization Growth Grant

• Grants of up to $250,000 to support the commercialization of innovative technologies developed in New Jersey.

Resources and Support

4. Small Business Development Centers (SBDCs)

• Provides free business counseling, training, and technical assistance to aspiring and existing small business owners.

5. Procurement Technical Assistance Center (PTAC)

• Offers free guidance and assistance to businesses seeking to do business with the New Jersey state government.

6. Export Assistance Program

• Provides export counseling, networking opportunities, and market research support to help businesses expand into international markets.

7. Minority Business Enterprise (MBE) Services

• Connects minority-owned businesses with procurement opportunities, training, and certification programs.

8. Women's Business Enterprise (WBE) Services

• Offers similar support to women-owned businesses, including networking events and mentoring programs.

9. Business Incubators and Accelerators

• Provides access to shared office space, mentorship, and expert advice for startups and early-stage companies.

Innovation and Technology

10. Innovation Proof-of-Concept Program

• Grants of up to $150,000 to support early-stage research and development of promising technologies.

11. Edison Innovation Fund

• Invests in high-growth, technology-based startups with the potential to create jobs and drive economic growth.

12. Smart Manufacturing Innovation Center

• Provides state-of-the-art equipment and technical assistance to help manufacturers adopt Industry 4.0 technologies.

13. Tech Council of New Jersey

• A membership organization representing the technology industry in New Jersey, offering networking, advocacy, and educational programs.

Industry-Specific Programs

14. Agri-Business Development Program

• Supports the growth and innovation of agricultural businesses through grants, technical assistance, and marketing programs.

15. Advanced Manufacturing Hub (AMH)

• Provides access to cutting-edge manufacturing equipment, training, and research capabilities for advanced manufacturers.

16. Life Sciences Industry Partnership Program

• Connects life sciences companies with resources, networking opportunities, and industry-specific support.

17. Technology Commercialization Acceleration Program (TCAP)

• A collaboration with the New Jersey Institute of Technology to accelerate the commercialization of student-developed technologies.

18. FinTech Acceleration Program

• Supports the growth of financial technology startups through mentorship, investment opportunities, and industry connections.

Workforce Development

19. Apprenticeship Training Program

• Provides structured training and work experience opportunities for individuals seeking to enter skilled trades.

20. Workforce Development Partnership Program

• Collaborates with educational institutions and businesses to develop customized training programs that meet industry needs.

21. H-1B Visa Technical Assistance Center

• Offers guidance and assistance to employers seeking to hire foreign workers under the H-1B visa program.

22. Veterans Business Outreach Center (VBOC)

• Provides specialized counseling, training, and assistance to veteran-owned businesses.

Real Estate and Economic Development

23. Commercial Loan Fund

• Provides low-interest loans for commercial real estate projects that create jobs and revitalize communities.

24. Brownfield Redevelopment Program

• Offers incentives to redevelop contaminated or underutilized industrial sites into new business opportunities.

25. Urban Enterprise Zone (UEZ) Program

• Designates economically distressed areas as UEZs, providing tax incentives and other benefits to stimulate investment and job creation.

26. Smart Growth Program

• Supports projects that promote sustainable development, reduce congestion, and create livable communities.

Business Intelligence and Research

27. Business Intelligence Center

• Provides access to a wide range of business intelligence data, including economic indicators, market trends, and industry-specific information.

28. Economic Research Program

• Conducts economic impact studies, industry analyses, and other research to support informed decision-making by businesses and policymakers.

29. Innovation Data Hub

• A centralized repository of data on innovation activity in New Jersey, including patents, startups, and venture capital investments.

30. New Jersey Innovation Index

• An annual report that tracks the state's performance in key innovation metrics, providing a benchmark for progress and identifying areas for improvement.

Awards and Recognition

31. Governor's Entrepreneurial Awards

• Recognizes outstanding entrepreneurs and startups that have made significant contributions to New Jersey's economy.

32. Business Stars of New Jersey

• An annual awards program that honors businesses of all sizes for their innovation, growth, and impact on their communities.

33. NJBIZ Business of the Year Awards

• A prestigious award presented to businesses that have achieved exceptional success and made significant contributions to the New Jersey economy.

Testimonials

• "Enterprise New Jersey's Business Growth Loan Program was a lifesaver for our startup. It allowed us to purchase the equipment we needed to expand our operations and create new jobs." - John Smith, CEO, ABC Corp.

• "The SBDC counseling we received was invaluable. The advisor helped us develop a comprehensive business plan and connect with resources that were essential for our success." - Jane Doe, Owner, XYZ Business.

• "The Technology Commercialization Growth Grant we received enabled us to bring our innovative product to market and create a new revenue stream for our company." - Dr. Emily Carter, CTO, Innovatech.

Conclusion

Enterprise New Jersey is a powerful resource for businesses of all sizes and industries. With its comprehensive suite of programs, funding opportunities, and technical assistance, Enterprise New Jersey plays a vital role in supporting business growth, innovation, and economic development throughout New Jersey. By leveraging these programs, businesses can unlock opportunities, overcome challenges, and achieve long-term success.