The NJSBDC has been selected to receive the SSBCI Grant, awarded by the U.S. Small Business Administration (SBA) to provide critical support and resources to New Jersey’s small businesses.
What is the SSBCI Grant?
The SSBCI grant, also known as the State Small Business Credit Initiative, was created through Biden Administration’s American Rescue Plan which supplies nearly $10 billion in programming to support small businesses and entrepreneurship in communities across the United States by providing capital and technical assistance to promote small business stability, grow, and success. The SSBCI program provides and a particular focus on assisting small businesses gain capital via loans and investments to historically under-served communities and entrepreneurs needing additional support to grow their business.
How Will NJ Utilize the SSBCI Grant?
Within the SSBCI Grant Program, the NJSBDC focuses on three pillars of service:
- Legal Services such as assisting clients with the formation, registration, licensing, certifications, and contracts associated with business start-up and growth, and developing legally-sound operational policies, procedures, and instruments.
- Accounting Services such as assisting clients in developing financial statements in accordance with the Generally Accepted Accounting Procedures (GAAP), and ensuring records are digitized in a cyber-safe network; and
- Financial Advisory Services such as connecting clients with banking institutions, advising clients on how to navigate banking relationships, providing financial management training opportunities, and creating professional presentations to potential investors.
Where to Get Started:
The NJSBDC is building programming under the SSBCI Grant, so please check back frequently for updates.
In the meantime, we have a ton of comprehensive, business training programs, instructed by experts in various fields of business development. To view and register for current and upcoming training programs and other special business-related events, go to www.njsbdc.com/events.