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SMALL BUSINESS BONDING READINESS ASSISTANCE PROGRAM
NJEDA has expanded the Bonding Readiness Assistance Program to aid more businesses. In addition to the African American Chamber, we have recently added the Statewide Hispanic Chamber as we look to increase the number of businesses impacted by the Program. The next cohorts for the Program are starting in March 2023!
The Small Business Bonding Readiness Assistance Program provides a comprehensive series of classes, workshops, and strategic counseling sessions covering a variety of topics relevant to small businesses in all sectors, including bonding and insurance, business development, financial presentation, construction and contract law, construction management, estimating, and credit. At the end of the program, all participating businesses receive a Bonding Readiness Segment Report, which provides an in-depth assessment of their strengths and weaknesses to help them plan for the future.
As of May 2022, 105 small, minority, and women-owned businesses have graduated from the Small Business Bonding Readiness Assistance Program and 50 of them have qualified for a combined totalof $40M in government contracts.
Click hereto go to the African American Chamber of Commerce of New Jersey (AACCNJ) for more information
Click hereto go to the Statewide Hispanic Chamber of Commerce of New Jersey (SHCCNJ) for more information