How New Jersey Supports Women-Owned Businesses

New Jersey creates opportunities for women-led ventures to succeed. The state’s commitment to equity across genders is more than just talk – and its many programs provide funding, mentorship, and community support for women entrepreneurs are proof of the work that’s happening on a state level to end gender inequality.

Here’s how New Jersey champions women entrepreneurs and provides the tools they need to flourish.

Golden Seeds Program: Empowering Women Entrepreneurs

The Golden Seeds program is a key initiative supporting women-led businesses in New Jersey. Established in partnership with the New Jersey Economic Development Authority (NJEDA), New Jersey’s Golden Seeds chapter focuses on providing angel investments and mentorship to women entrepreneurs. This program is specifically designed to help women-led companies overcome obstacles in securing funding, which has historically been a challenge for women founders.

Golden Seeds offers:

• Angel Investments ranging from $250K to $2 million.
• Mentorship opportunities from experienced investors and business leaders for businesses funded by Golden Seeds.
• A focus on companies with at least one woman in an upper management role with equity ownership.

Entrepreneurs can also participate in Golden Seeds’ office hours, where they receive one-on-one guidance from investors. These sessions help founders refine their pitch, improve their business strategies, and prepare for future funding opportunities. Please register for Golden Seeds’ office hours here.

Golden Seeds and New Jersey are stepping up together to close the funding gap for female entrepreneurs, enabling them to drive innovation and boost the state’s economy.

Small Business Fund Tailored for Women-Owned Businesses

New Jersey also addresses the financial challenges women entrepreneurs face through its Small Business Fund. This program offers financing designed to provide affordable capital to help businesses grow.

Key features include:

• Loans of up to $500,000 for eligible small businesses.
• Fixed interest rates with an expedited approval process.
• Funds that can be used for fixed assets (like equipment and property) or working capital.

To qualify, businesses must be based in New Jersey, have annual revenues of $3 million or less, and have been operating for at least one year. This program ensures that even businesses without access to traditional bank financing have a chance to thrive.

By bridging the financing gap, New Jersey’s small business loans empower women entrepreneurs to innovate, expand, and create jobs in their communities.

A Diverse, Safe, and Inclusive Environment for Women Entrepreneurs

Beyond its programs and resources, New Jersey offers an exceptional environment for women entrepreneurs. The state prides itself on its diversity and inclusivity, making it a place where women of all backgrounds feel safe, supported, and empowered.

Diversity at the Core

New Jersey has the second-highest percentage of foreign-born residents in the United States and is home to vibrant communities from all over the world. One-third of New Jersey business owners are foreign-born, and the state has the highest proportion of foreign-born STEM workers. This melting pot of cultures creates a rich ecosystem of creativity, collaboration, and opportunity.

Empowering Women and Minorities

New Jersey leads the way in enacting inclusive policies that foster belonging and empowerment. The state’s support for minority-owned and women-owned businesses sets a powerful example, ensuring that entrepreneurial opportunities are accessible to everyone, regardless of ethnicity, nationality, or gender.

A Safe and High-Quality Place to Live

With world-class education institutions, thriving cities, and family-friendly neighborhoods, New Jersey combines safety with opportunity. The state’s robust infrastructure, access to top-tier talent, and support for families make it an ideal location for women entrepreneurs looking to grow their businesses while maintaining an outstanding quality of life.

Take the Next Step

Are you ready to take your business to the next level? Learn more about New Jersey’s programs for women entrepreneurs and how they can help you grow your business. Visit the Golden Seeds page or explore funding options like the Small Business Fund offered by NJEDA.

The future of women-owned businesses in New Jersey is bright. Join a state that champions your success and empowers you to make a difference.