New Jersey businesses can access reliable, free information and resources that can strengthen operations, boost productivity and increase profitability. The New Jersey Business Action Center (NJBAC), a division of the New Jersey Department of State, supports business owners, entrepreneurs and stakeholders in the statewide business community by ensuring access to accurate and relevant education and guidance. The business advocates at NJBAC are always available to field any question or talk through ideas to find solutions that keep businesses, particularly small businesses, moving forward and achieving revenue goals.
To further its mission to help businesses in the Garden State succeed, NJBAC provides free and confidential technical assistance, advocacy and a variety of other support services through its offices, comprised of business advocacy, export promotion and small business advocacy.
The division also oversees the Office of State Planning and the Cannabis Training Academy. By tapping into its deep understanding of the business landscape and its wide-reaching network, NJBAC connects businesses with who or what is needed to thrive and grow.
Businesses can take advantage of following free services from the NJBAC:
Mentoring assistance: Whether already in business or just starting out, having a mentor provides a valuable resource. From creating a business plan to preparing financial statements or developing valuable social media strategies, having a business mentor can help a business succeed. The OSBA can help businesses connect with programs around the state that offer one-on-one mentoring opportunities.
Financial resources: NJBAC advocates can refer businesses to a variety of financing options available through the New Jersey Economic Development Authority and community-based micro-lending organizations. They can identify the specific programs for which a business may be eligible and help locate the resources that best meet their needs. They can also assist businesses with credit repair services to help position a favorable application process.
Licensing and professional certifications: NJBAC offers services that can help a business troubleshoot issues they may encounter with licensing or professional certifications.
Navigating regulatory processes: Advocationg on their behalf, NJBAC can coordinate with other state departments to quickly identify any challenges and formulate a sound and effective solution. They can also provide redevelopment guidance and coordination for municipalities and developers.
Labor and workforce issues: Hiring and retaining the right people is crucial to the success of a business. NJBAC can guide companies through the variety of state training grants and resources to help recruit the best staff or train new and current employees. Advocates can help provide information on issues regarding employer responsibilities.
Procurement assistance: When it comes to government contracts, New Jersey offers a variety of resources to help small companes take advantage of these important opportunities. From training and technical assistance to email notification of requests for proposal (RFPs) NJBAC adocates can provide businesses with essential information and help them to be better positioned to compete for government contracts.
To connect with a business advocate, call the helpline at 1-800-JERSEY-7 or access the live chat at business.nj.gov.
This article appeared in the Spring 2024 issue of New Jersey CPA magazine. Read the full issue.
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