Payne Announces More than $3.5 Million in Assistance to New Jersey Small Businesses

Aug 7, 2013 Issues: Local Issues, Economy and Jobs

Newark, N.J. – Congressman Donald M. Payne, Jr. (NJ-10) announced more than $3.5 million in assistance today to go to New Jersey small businesses affected by Hurricane Sandy as part of the Small Business Administration’s (SBA) Hurricane Sandy Disaster Relief.

“This funding is critical to the continued recovery efforts in New Jersey where so many small businesses are still working to get back on their feet again more than nine months after Hurricane Sandy,” said Rep. Payne, Jr., Ranking Member of the House Subcommittee on Emergency Preparedness, Response, and Communications as well as a member of the House Committee on Small Business.  “The SBA’s collaborative-based approach in rebuilding small business communities will ensure their long-term recovery and will be essential in rejuvenating our local economies.”

SBA supports the Sandy Recovery through a two-phase approach: Phase I was a short-term initiative for immediate need, which provided funds quickly to SBA’s partners to increase existing counseling and training services to small businesses. Phase II funding will provide a comprehensive and integrated approach to support long-term economic recovery efforts in affected Sandy communities through a collaborative group of local partners.  The total funding nationwide for both phases is $19,000,000.

New Jersey will receive $3,582,000 in Phase II assistance.  In New Jersey the funds are being used to create community-based partnerships between the Small Business Development Centers (SBDCs), Women’s Business Centers (WBCs), SCORE, and other state and local organizations to achieve sustained economic growth for small businesses. The New Jersey Small Business Development Center (NJSBDC) will serve as the lead coordinator for the project.  In addition to the statewide NJSBDC network the five other collaborative partners: two SBA Resource Partners – the Women’s Center for Entrepreneurship Corporation (WCEC) and SCORE; the Union County Economic Development Corporation (UCEDC); the Rutgers Center for Urban Entrepreneurship and the Economic Development (CUEED), and the U.S. Resilience Project (USRP).

  • NJSBDC will offer counseling and training to small business owners, leveraging its relationships with key state offices including the New Jersey Business Action Center, the Governor’s cabinet-level Hurricane Sandy Czar—Office of Recovery and Rebuilding, the New Jersey Department of Environmental Protection, and the New Jersey Economic Development Authority (NJEDA). For example, the NJEDA will collaborate with the NJSBDC by providing training workshops about Sandy grants up to $50,000 for small business owners under Community Development Block Grant (CBDG) and NJEDA business advisors will host workshops on grant application eligibility. 
  • The WCEC will provide training to small business owners on disaster preparedness and coordinate external activities to publicize and market clients services that are available in the four shore communities targeted. 
  • SCORE will help mentor and counsel entrepreneurs on disaster planning.
  • As the entrepreneurial training arm of the New Jersey Economic Development Authority, Union County Economic Development Corporation (UCEDC) will provide technical assistance to clients in need of specialized services, loan resources, and training.
  • The Center for Urban Entrepreneurship & Economic Development (CUEED) will engage students and faculty in gathering data that will be used to identify and target businesses in need, assess their current state and work with the SBDC to measure and obtain feedback on client outcomes. 
  • The U.S. Resilience Project (USRP) will create a connection between small businesses and large companies, which have more sophisticated risk management and continuity practices, ultimately resulting in small business resilience through strategic conversations and information and best practice sharing between large and small companies. 

In April, it was announced that New Jersey would receive $1,385,000 in Phase I funding for immediate recovery efforts as part of a total funding of $5.8 million that was distributed directly to SBA’s Resource Partners in 11 states and a U.S. territory—Connecticut, Delaware, Maryland, Massachusetts, North Carolina, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, West Virginia, and Puerto Rico.