Classic Blog

January 20 2021 0Comment

NJEDA Board Approves NJ ZIP Pilot Program

New Program Incentivizes Use of Zero-Emission Vehicles in Camden and Newark   TRENTON, N.J. (January 15, 2020) – The New Jersey Economic Development Authority (NJEDA) Board of Directors today approved the New Jersey Zero Emission Incentive Program (NJ ZIP). The $15 million pilot program will fund 100 to 300 vouchers ranging in value from $25,000 to $100,000 […]

September 08 2020 0Comment

NJEDA Receives USEDA Grant to Expand Small Business Emergency Assistance Loan Program

TRENTON, N.J. (September 1, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced a $10 million expansion of its Small Business Emergency Assistance Loan Program to help support small businesses and nonprofits impacted by the COVID-19 pandemic. The expanded program will be capitalized by a grant received from the United States Economic Development […]

June 17 2020 0Comment

New PPP Forgiveness Information (Updated 6/16/2020)

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. The loan forgiveness form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including: Options for borrowers to calculate payroll [...]
March 17 2020 0Comment

SBA Economic Injury Disaster Loans: Assistance for U.S. Businesses Affected by the COVID-19 Outbreak

The U.S. Small Business Administration (SBA) has set aside $50 billion in low-interest Economic Injury Disaster Loans (EIDL) for “on-going” small businesses affected by the Coronavirus. Individual businesses may apply for up to $2 million per loan. Please Note: The EIDL loans are not for a loss of income but to keep your businesses “afloat” […]

January 06 2020 0Comment

NJEDA Begins Expands its Micro Business Loan Program

On June 9, 2020, the NJEDA Board approved an expansion of the Micro Business Loan Program to provide support to a wider range of New Jersey micro businesses. The application for the expanded program is currently in development, and expected to be available in July 2020. NJEDA has suspended accepting applications for this program until […]

January 06 2020 0Comment

NJEDA Begins Accepting Micro Business Loan Program Applications

News Release CONTACT: New Jersey Economic Development Authority media@njeda.com NJEDA Begins Accepting Micro Business Loan Program Applications TRENTON, N.J. (December 18, 2019) – The New Jersey Economic Development Authority (NJEDA) today announced that it is now accepting applications for its Micro Business Loan Program. Designed to provide financing to early-stage and micro businesses in New […]

August 28 2017 0Comment

New Rutgers-Newark SBDC Satellite Office at Seton Hall University

ANNOUNCEMENT The NJSBDC at Rutgers-Newark is delighted to announce the opening of its satellite office at: SETON HALL UNIVERSITY Stillman School of Business 400 South Orange Avenue Jubilee Hall, 5th Floor South Orange, NJ 07079 Office Hours: Fridays from 10:00am – 3:00pm Counseling at this site begins at this site on: September 8, 2017 Counseling […]

March 16 2017 0Comment

PRESS RELEASE: America’s SBDC New Jersey Has Banner Year in Assisting Small Business

Reprinted from NJSBDC.com Click here for original press release Contact: 973.353.1927 press@njsbdc.com New Jersey’s Small Business Development Centers Helped Its Clients Create and Save Jobs February 22, 2017 (Newark, NJ) – America’s SBDC New Jersey Headquarters, located at the Rutgers Business School, issued its small business deliverables impact accountability report for 2016. The 12-center network, [...]