Bergen County small business recovery initiatives launch to counter inflation

Last week, Bergen County Executive Jim Tedesco announced two new efforts to help provide support for small businesses facing inflation while further strengthening the county’s economic position.

As part of the Bergen County Business Resource Network, the first measure reauthorizes a new $235,000 round of funding to Bergen Community College to continue an initiative to provide free consulting and real-time data services to small businesses. The program, which has assisted over 200 businesses, offers BCC business students real world experience serving small businesses.

The second is a new small business grant program that is expected to roll out in early September. Under the new program, the county will provide $2.5 million to local, small businesses, with priority given to women-, minority-, veteran-and service-disabled veteran-owned enterprises. Businesses that meet the criteria will be eligible for up to $2,500 per applicant.

Tedesco

“In Bergen County, small business is the heart of both our economy and community,” said Tedesco. “My administration remains committed to doing everything in its power to help the backbone of our economy not only sustain their economic position, but also experience new growth so they can truly thrive in a 211st century economy.”

“This program represents a living, breathing example of the importance of partnership between education and government for the betterment of community and the workforce,” said Bergen Community College President Eric Friedman. “I’m especially proud of our students, who are using what they have learned to make a demonstrated impact in the communities we live, and to make a positive impact on our country’s businesses.”

The measures, which will be funded utilizing federal American Rescue Act monies, were unveiled at a recent Bergen County Economic Development forum that recognized success stories of the 2020 Bergen County CARES Small Business Grant Program.

“The engine of our local economy are more than 47,000 small businesses who call Bergen County home,” said Commissioner Chairwoman Tracy Zur. “Both of these measures will provide no-cost critical assistance to help these businesses thrive and expand, open the door for start-up businesses, and attract businesses from outside Bergen County.”


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