Small Business Bonding Readiness Assistance Program

About this funding opportunity

Open in new Tab SMALL BUSINESS BONDING READINESS ASSISTANCE PROGRAM

The Small Business Bonding Readiness Assistance Program provides a comprehensive series of classes, workshops, and strategic counseling sessions covering a variety of topics relevant to small businesses in all sectors, including bonding and insurance, business development, financial presentation, construction and contract law, construction management, estimating, and credit. At the end of the program, all participating businesses receive a Bonding Readiness Segment Report, which provides an in-depth assessment of their strengths and weaknesses to help them plan for the future.

The Small Business Bonding Readiness Program has assisted over 200 NJ Businesses since Fall of 2022. Through our strategic partnerships with The African American Chamber of Commerce and the Statewide Hispanic Chamber of Commerce, we are able to assist businesses with their level of preparedness in vying for Government contracts. Both Chambers are accepting applicants for cohorts running in 2025!

Click here to go to the African American Chamber of Commerce of New Jersey (AACCNJ) for more information

Click here to go to the Statewide Hispanic Chamber of Commerce of New Jersey (SHCCNJ) for more information

Please be advised: New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA. If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application. If an application is received from an applicant that meets this criteria, the application will be declined and the application fee will not be refunded.

African American Chamber Statewide Hispanic Chamber QUESTIONS

For more information or to ask a specific question please contact Jermaine Pharmes at jpharmes@njeda.com

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Topic areas: Public Policy and Governance, Social Innovation and Community Development, Workforce Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Small Business Bonding Readiness Assistance Program is administered by New Jersey Economic Development Authority (NJEDA), listed via New Jersey Economic Development Authority.