Initial New Jersey budget to keep small business center funding

Despite proposals that it be eliminated, New Jersey Governor Chris Christie’s initial state budget for next year does include funding for a number of small business assistance centers, according to the Star-Ledger.

The New Jersey Small Business Development Centers are a network of 11 entrepreneurship centers across the state that provide mentoring and financial planning assistance to new small business owners interested in forming a company.

“We have come a long way since the governor’s proposed state budget in mid-March,” said Brenda Hopper, state director of the organization, in a statement to the paper.

The Star-Ledger reports that the organization has seen its state funding drastically shrink over the past few years. In 2007, the organization received $1 million per year in state assistance – an amount that has since been reduced to $250,000.

According to the organization’s website, the centers counseled more than 5,000 entrepreneurs and helped create or retain more than 12,000 jobs in 2007. The program has also helped facilitate $197 million in financing since its inception in 1977.ADNFCR-3052-ID-19867851-ADNFCR

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Melissa Clark

Head of Content & Customer Marketing at Incfile
Melissa sets the vision for Incfile's content marketing and customer relationship management. Melissa has more than 10 years experience in various marketing roles, and a passion for supporting small businesses as they incorporate and grow. She loves sharing information that will help business owners maximize their LLCs, Corporations and Nonprofits. In her spare time, Melissa is an active member of The Junior League and enjoys running half marathons.
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