Newark, New Jersey, is a city rich with entrepreneurial spirit and a supportive ecosystem for small business owners. Whether you’re launching a startup or looking to expand an existing enterprise, Newark offers a variety of resources designed to foster business growth and economic development.
Rutgers Newark Small Business Development Center (NJSBDC)
The NJSBDC at Rutgers-Newark provides strategic, growth-focused training and technical assistance to both established small businesses and startups. Their services include business advisory, growth management, marketing, access to capital, and business planning. Entrepreneurs can benefit from expert counseling and a range of workshops tailored to various business needs. Learn more
Invest Newark
Invest Newark is dedicated to attracting and retaining businesses within the city. They assist companies with location decisions, provide real estate services, and offer business development programs. Notably, they support minority- and women-owned businesses through initiatives like the Grow Newark Fund and the Bond Assistance Program, which provide working capital loans and technical assistance. Discover more
BrightStreet Financial
BrightStreet Financial focuses on helping entrepreneurs succeed through their holistic LEAP program, which includes affordable loans, business and finance bootcamps, mentorship, and access to financial resources. They are launching a pilot program in Newark, aiming to expand into additional underserved urban centers across New Jersey. Find out more
Greater Newark Enterprises Corporation (GNEC)
GNEC offers business development programs, workshops, and events designed to provide financial education and hands-on support for small business growth. Their BACKSTOP Program and Main Street Pitch-Off Competition are notable initiatives that support entrepreneurs at various stages of business development. Learn more
Seton Hall University’s ImpactNJ: Urban Ventures Collaborative
Seton Hall University has launched the ImpactNJ: Urban Ventures Collaborative, an Entrepreneurship Boot Camp and Mentoring Program. This 11-month program supports low-income individuals ready to turn their business ideas into viable ventures and assists existing entrepreneurs facing challenges in scaling their businesses. Read more
These resources reflect Newark’s commitment to fostering a vibrant entrepreneurial community. By leveraging these programs, local entrepreneurs can access the support and guidance needed to thrive in today’s competitive business environment.