Business & Finance

Guest Column

Want to Take Your Business Global? New Jersey Businesses Eligible for Grant Funding

7f320e869e7e34723f79_Gerard_Scharfenberger_v2.jpg
7f320e869e7e34723f79_Gerard_Scharfenberger_v2.jpg

Are you a New Jersey business owner who has already realized the potential of a global market or an entrepreneur seeking to increase sales and profit by taking your business worldwide? 

The New Jersey Business Action Center (BAC) has been awarded a $606,151 State Trade Expansion Program (STEP) grant from the U.S. Small Business Administration to help New Jersey companies gain access to international markets.

Now in New Jersey’s fifth year, the program has already helped businesses like Nature Fit Brands, which was awarded a NJ STEP grant the past three years. This Hackettstown-based woman-owned business offers a complete line of premium quality nutritional supplements. Using grant funds, the company attended a health-focused trade show in Dubai, networking with officials from Saudi Arabia. 

Sign Up for E-News

“Thanks to the NJ STEP grant, we will break records in export sales this year, up almost 300 percent,” says Rocky Hadzovic, founder and CEO of Nature Fit Brands. “Being a ‘Made in America’ product carries a big advantage in a global market. This year, we signed agreements with companies in four countries.” 

Another 2016 NJ STEP grant recipient is Zeus Scientific, based in Branchburg, NJ. The company serves the global in vitro diagnostics community, offering solutions for autoimmune and infectious disease testing. Grant funds helped the company attend the American Association of Clinical Chemistry (AACC) trade show in July 2017. The grant also helped fund a market research study to identify potential international markets for its product line. 

“There is a real market looking for our products overseas, and the NJ STEP grant gives us the opportunity to further explore that,” says Chris Howard, chief commercial officer of Zeus Scientific. “Funds from the grant helped us expand our reach to the global audience, expanding our network of contacts and buyers from Europe, Asia and South America.” 

“I can’t believe more small businesses don’t take advantage of these incredible resources,” continues Howard.

In addition to trade show expenses, a NJ STEP grant can also cover costs to participate in trade missions, as well as access to services provided by the U.S. Commercial Service, including Partner Searches, Gold Key Service and Market Intelligence Reports 

The goal of the NJ STEP grant is to provide New Jersey companies with the resources and the knowledge needed to succeed when entering the global marketplace. This year’s funding will allow the BAC to help companies across the Garden State market their products and services worldwide.   

About NJ STEP Grants

The NJ STEP grant program is funded through a grant by the U.S. Small Business Administration. Since STEP was created, the Small Business Administration has provided New Jersey with more than $2.3 million in STEP grant funding. 

The NJ STEP Program is available to eligible small and medium sized businesses on a first-come, first-serve competitive basis. If you are interested in finding out if your business qualifies for an award, visit NJSTEP.NJ.GOV or call the BAC at (866) 534-7789. 

About the NJ Business Action Center

Operating under the leadership of Lt. Governor Guadagno, the NJ Business Action Center encourages the optimum conditions for business growth and job creation in the state. The BAC’s experienced business advocates work to retain and attract businesses to New Jersey, providing a customer-oriented approach to assist business of all sizes. http://nj.gov/state/bac/ 

 

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer. Click here to submit a Guest Column.

TAP Into Another Town's News:

Sign Up for E-News

Kenilworth

Close to 700 Riders Take to the Streets for 15th Annual Tour de Elizabeth

May 21, 2018

ELIZABETH, NJ - Approximately 700 cyclists of every skill level took to the streets for the 15th annual Tour de Elizabeth that rolled throughout the city on Sunday morning. 

This year’s tour that is open to all ages, was a 15-mile recreational tour of the City of Elizabeth’s historic neighborhoods, beginning and ending at City Hall.

Members of the Elizabeth Police ...

'Turning Off the Morning News' brings comic twist

‘Turning Off the Morning News’ tackles today’s issues with a comic twist

By Liz Keill

PRINCETON, N J – Despite the late night comics, no one quite captures the insanity of the political/social status world like Christopher Durang.

His latest play, “Turning off the Morning News” hit the ground running.  John Pankow as Jimmy addresses the audience, ...

'To Kill a Mockingbird' Sustains Timeless Appeal

SUMMIT, NJ – The Summit Playhouse provides a stellar production of a much loved classic, “To Kill a Mockingbird.”

The Harper Lee novel, later a Gregory Peck film and now a stage production, retains all the warmth, intensity and integrity that made it such an appealing hit in the 1960s. And there will be a new production on Broadway in December with a script by Aaron Sorkin ...

TAPinto Featured Franchisee: Steve Lenox of TAPinto Paterson

This week's feature will focus on TAPinto Paterson's franchisee, Steve Lenox. Find out how the current owner of a public affairs firm went from a former State Director for Senator Frank Lautenberg to a proud TAPinto franchisee for New Jersey's third largest city.

 

Q. When did you join TAPinto.net?

I joined TAPinto.net in September, ...

Lawson-Muhammad Apologizes For 'Irrational Response' To Police Altercation; School Board President Supports Her

May 17, 2018

SOUTH ORANGE, NJ -  A day after video surfaced of her altercation with a South Orange police officer -- in which she used profanity, threatened to go to the village president and called the police chief “a skinhead cop” -- South Orange Maplewood School Board member Stephanie Lawson-Muhammad issued an apology in which she called her behavior “uncharacteristic” and ...

Why Can't They Just Cut the Grass

May 15, 2018

As a resident for the past 5 years I have made known my concerns to the council and Mayor. Last year was the first time they did something about an issue with high grass in my neighborhood.  It took 4 years to get something done. Now in year 5 the grass is 2 feet high. The answer is give us a call we will get it taken care of. 

As a home owner it should not be my ...

Upcoming Events

Sat, May 26, 9:00 AM

Miller-Cory House Museum, Westfield

Aunt Carrie's Attic Sale

Other

Union County Celebrates National Trails Day with Free Guided Hikes and Activities, June 2

May 22, 2018

The Union County Board of Chosen Freeholders invites residents and visitors of all ages to celebrate the 50th Anniversary of National Trails Day at the Watchung Reservation on Saturday, June 2, where the County’s Trailside Nature & Science Center will host four different guided hikes and an Adopt-a-Trail volunteer activity along with special programs throughout the day for all ages. The ...