2023 Impact

FACT SHEET (FEDERAL FISCAL YEAR 2023) NETWORK-WIDE ECONOMIC IMPACT DELIVERABLES

Guided by NJSBDC State Director/CEO Kelly Brozyna and endorsed by NJ Federal Senators Cory Booker and Robert Menendez, the NJSBDC has again proven its significant role in bolstering New Jersey’s economy. The program’s achievements between January 1, 2023, and December 31, 2023, are outlined below:

• Facilitated over $1.95 billion in sales revenues, underscoring the robust activity and success of our clients.
• Contributed millions in business tax revenues, with an estimated $129,392,892.81 in sales tax revenues directed to New Jersey’s treasury, reflecting our substantial economic impact.
• Counseled 5,103 clients one-on-one, showcasing our commitment to providing personalized and direct business support.

• Delivered 18,667 total counseling hours, a testament to our dedication to in-depth service provision.
• Assisted 6,499 established businesses, aiding in their sustained operation and growth.
• Helped 361 clients launch new businesses, fostering a vibrant and entrepreneurial environment.
• Sponsored 537 training sessions statewide, demonstrating our expansive reach and versatility in business education.
• Hosted 4,715 individuals/small business owners at our training seminars, covering diverse topics crucial for business development and growth.
• Supported a total of 8,006 jobs (including both new and retained positions), contributing significantly to job creation and economic stability.