Small Business
Makerhoods, live/work program in which entrepreneurs create community, is coming to Newark
| ROI-NJ
April 14, 2021Makerhoods, a live/work program designed to elevate makers, artisans and other creative individuals looking to grow their passions and microbusinesses into thriving businesses, is coming to Newark. Founder Avi Telyas said Makerhoods is bringing the beloved, traditional “living above the store” model — which supported families, inspired entrepreneurship and created sustainable communities for decades — into the digital age. Makerhoods …
Governor Murphy Signs Historic Economic Recovery Legislation
| Press Release
January 7, 2021Bill Will Provide Aid to Small Businesses and Usher in New Era of Economic Development TRENTON – Governor Phil Murphy today signed into law the landmark New Jersey Economic Recovery Act of 2020, which will provide economic support for small businesses, while propelling New Jersey’s economic recovery and growth for much of the next decade. “These programs are the product of …
20 Black and brown-owned N.J. companies just got a big boost
| NJ.com
December 18, 2020A new program that will benefit Garden State entrepreneurs says that it will address a long-standing issue for Black and brown business owners — a lack of access to funding. Despite raking in $700 billion last year, businesses founded by Black and brown entrepreneurs don’t have access to capital the same way non-minority owned companies do, according to a report …
Ahead of Senate and Assembly Committee Hearings, New Jersey Leaders Applaud Economic Recovery and Tax Incentives Reform Legislation
| Press Release
December 17, 2020“This long-awaited incentive reform package will offer valuable support to the state’s entrepreneurial and innovation ecosystem. It is both comprehensive and sufficiently funded to help attract and retain more companies,” said James Barrood, Advisor at Tech Council Ventures. “The investor community is pleased to see Evergreen funding and increases in the state’s popular angel credit and NOL programs. I am …
Colab at Bell Works celebrates grand opening of expanded 25K sq. ft. space
| ROI-NJ
November 23, 2020The Colab at Bell Works, the official coworking membership facility at the Holmdel “metroburb,” celebrated its grand opening recently, property developer Somerset Development said. The 25,000-square-foot Colab includes a mix of professional workspaces available on flexible lease terms at the property, Holmdel-based Somerset Development said in a news release. The grand opening ribbon-cutting took place last week, and was attended by Holmdel Mayor Gregory Buontempo …
Governor Murphy Announces Additional $60 Million to Fulfill Pipeline of Small Business Grant Applications
| Press Release
November 12, 2020TRENTON – Today, Governor Phil Murphy announced a commitment of at least $60 million in additional Coronavirus, Aid, Relief, and Economic Security (CARES) Act funding to fulfillment of grants under Phase 3 of the New Jersey Economic Development Authority’s (NJEDA’s) Small Business Emergency Assistance Grant Program. This funding is in addition to $70 million in federal funds already allocated for the …
Coalition of New Jersey CEOs Aim to Hire or Train 70,000 New Jersey Residents by 2030, Increase Local Spending by $500 million by 2025
| Press Release
October 15, 2020The New Jersey CEO Council, an informal coalition of CEOs from some of the state’s largest companies, announced today it has pledged to hire or train more than 30,000 residents by 2030 and spend an additional $250 million on procurement with state-based, diverse companies by 2025, and is challenging their peers in the business community to produce an additional 40,000 …
EY Announces Winners for the Entrepreneur Of The Year® 2020 New Jersey Award
| Press Release
October 8, 2020Ernst & Young LLP (EY US) is pleased to announce the winners of the Entrepreneur Of The Year® New Jersey Award. Entrepreneur Of The Year® is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies. This group of unstoppable entrepreneurial leaders transforming our world was selected by an independent judging panel made up of previous award winners, …
N.J. adds $15M to Small Business Emergency Grant program
| ROI-NJ
July 28, 2020EDA says money will enable it to distribute grants to more companies — filling more requests in oversubscribed program The state has added another $15 million of CARES Act funding to the Small Business Emergency Assistance Grant Program being administered by the Economic Development Authority, Gov. Phil Murphy announced Tuesday. The funding will be added to phase 2 of the program …
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Carly Wronko
Director of Marketing