Funding Disclosure


New Jersey Small Business Development Center (NJSBDC)
Funding Disclosure

The New Jersey Small Business Development Centers (NJSBDC) network is part of America’s SBDC national network and is funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA). Federal funds are matched dollar-for-dollar by non-federal sources, including contributions from the State of New Jersey, host colleges and universities, and other public and private sector partners. This funding supports the NJSBDC’s mission to deliver confidential, no-cost business advising, affordable training, and business resources that help entrepreneurs and small businesses start, grow, and succeed across New Jersey. 

 

In accordance with Section 632 of Public Law 117-328, below are the current federal and non-federal funding allocations for the NJSBDC program. 

 

NJSBDC Funding Disclosure:

 

Source

Amount

% of Total

Federal Funding Share

$3,620,094

50%

1:1 Match Funding

State Funding Share (counted toward 1:1 match)

$1,100,000

15%

Additional Non-Federal Funding Share (various sources, including host universities/colleges, foundations, local gov’t, private industry, etc.)

$2,520,094

35%

Total 1:1 Match Funding

$3,620,094

50%

Total Program Funding

$7,340,188.00

100%

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA. The New Jersey Small Business Development Center (NJSBDC) is administered and funded in part by Rutgers, The State University of New Jersey, with additional support provided by the New Jersey Business Action Center (NJBAC), the colleges and universities that host our regional centers, and other public and private sector partners. NJSBDC programs and services are provided in a nondiscriminatory manner and are open to all individuals who are legal residents or citizens of the United States.