5
1

New Jersey Economic Development Authority (NJEDA) offers 60+ programs to support New Jersey's business community, from entrepreneurs with an idea, to multinational corporations investing in new facilities. Some of the most popular programs in Somerset County:

  • Manufacturing Voucher Program: Subsidizes the purchase of new equipment and systems used in the manufacturing process (up to $250,000)
  • Small Business Improvement Grant: Reimburses New Jersey business owners (up to $50,000) for costs associated with making interior and/or exterior building improvements, and/or purchasing/installing NEW furniture, fixtures and/or equipment.
  • Technology Business Tax Certificate Transfer Program: Enables unprofitable NJ-based technology or biotechnology companies with fewer than 225 US employees to sell a percentage of net operating losses and R&D tax credits to unrelated profitable corporations.
2

New Jersey Business Action Center (NJBAC) is the Business Advocacy Team within the Department of State. Some of the most popular programs in Somerset County:

  • NJ State Trade Expansion Program: Financially awards to partially offset export promotion costs such as design of international marketing media and participation in international trade shows.
  • NJ Small Business Manual: Guidance on establishing, maintaining and expanding a small business.
3

Greater Raritan Workforce Development Board (GRWDB) undertakes policy and planning to ensure the workforce system is meeting the needs of employers and job seekers. Services for Somerset County residents include upskilling & re-skilling training grants, employment pipeline initiatives, and job fairs.