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

Springfield

Gumbert Park Ice Rink Gets Green Light from Westfield Town Council

May 23, 2018

WESTFIELD, NJ — A standing room-only crowd cheered and booed Tuesday night after the town council, with a 6-3 vote, passed a resolution granting Mayor Shelley Brindle the authority to negotiate a lease agreement with Arena Realty Partners for a temporary ice rink at Gumbert Park this winter.

Brindle made her case for testing out the public-private partnership.

“I don’t ...

Memorial Day Service

May 11, 2018

To the residents of Springfield:

Memorial Day was established in 1868 specifically to honor those who had lost their lives in service to their country in the Civil War. It customarily now honors all our war dead from that date on. The township memorials are located on the green at the Municipal Building. Until fairly recently, the annual Memorial Day parade began with a service on the green, ...

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 ...

County of Union to Fly Rainbow Flag for the First Time on June 4

May 23, 2018

ELIZABETH, NJ - A rainbow flag will fly for the first time at the Union County Courthouse in recognition of June as LGBTQ Pride Month.

The Union County Board of Chosen Freeholders has announced they are holding a public Pride Flag Raising Ceremony for Monday, June 4 at 1 p.m. on the steps of the historic Union County Courthouse on Broad Street in Elizabeth.

“Raising the rainbow flag ...

Upcoming Events

Fri, May 25, 8:00 PM

17 Kent Place Boulevard, Summit

Open Mic Night

Arts & Entertainment

Wed, May 30, 6:15 PM

Millburn High School (Back grass fields), Millburn

Millburn Color Run

Arts & Entertainment Education Giving Back Other