Small Business Bonding Readiness Assistance Program
Forecasted
The Small Business Bonding Readiness Assistance Program by the New Jersey Economic Development Authority provides in-depth training to help NJ small businesses improve their bonding and contracting capabilities.
Funder: New Jersey Economic Development Authority
Due Dates: Rolling (Cohorts running in 2025; applications open now)
Funding Amounts: Free 8-week training and counseling program; no direct monetary award.
Summary: Training and strategic support for NJ small businesses to improve bonding capacity and business readiness.
Key Information: Cannabis license holders are ineligible; see eligibility for details.
Description
The Small Business Bonding Readiness Assistance Program, administered by the New Jersey Economic Development Authority (NJEDA), is designed to help small businesses across all sectors strengthen their ability to secure bonding and compete for government contracts. The program offers a robust curriculum of classes, workshops, and one-on-one strategic counseling on topics such as bonding and insurance, financial presentation, business development, construction management, estimating, and contract law. Participants receive a Bonding Readiness Segment Report evaluating their strengths and opportunities for improvement.
