New legislation aims to streamline financing process for small NJ firms

Good news from the State of New Jersey relating to financing for small NJ businesses – we’ll see how this develops:

New legislation is aimed at making it easier for small companies to find state financing programs, according to a business advocate.

“One of the things we keep hearing is that there are many programs that could benefit companies, but business owners just haven’t heard about them,” said Bob Loderstedt, CEO of the New Jersey Manufacturing Extension Program. “It would be nice if there was a place we could find out about them all.”

A measure signed into law Thursday by Gov. Chris Christie establishes a program within the Department of State’s Business Action Center “to assist small businesses in identifying all of the financial assistance programs for which those businesses may be eligible,” according to an announcement from the governor’s office. “This program will help small businesses navigate the numerous finance, incentive and assistance programs administered by various state departments and entities that are available to these businesses.”

[via NJBIZ.]

New Jersey looks to nurture tech startups

New Jersey has a number of programs that can help technology entrepreneurs – and it is about to add a new one that will leverage New Jersey’s existing base of entrepreneurs:

New Jersey is seeking to create a new-company "accelerator" program to nurture technology entrepreneurs through mentoring. Similar programs have been successful elsewhere.

The New Jersey Economic Development Authority is seeking proposals and ideas from technology specialists on how to create the program, hoping to bolster innovation at the earliest stages of a company’s growth….Agency officials said that although the state has other programs designed to stimulate technology development, the focus of the planned accelerator is more on harnessing the expertise of existing, seasoned entrepreneurs in and around New Jersey.

[via New Jersey looks to nurture tech startups - NorthJersey.com.]