Business View Magazine | June 2019

251 BUSINESS VIEW MAGAZINE JUNE 2019 THE NEW JERSEY ECONOMI C DEVELOPMENT AUTHOR I TY neighboring states by incentivizing high-wage, high-growth sectors. Make Government Work Better Over the past several decades, New Jersey has become a more complex and challenging environment for businesses to navigate. A stronger and fairer New Jersey economy makes doing business easier by providing better support for businesses, and by infusing more customer-friendly strategies in the state’s government practices to better reach and serve businesses and residents. The NJEDA has taken several steps in this vital area, including the creation of a Small Business Services Unit to provide financial, workforce, and technical support to the State’s small business community, with a focus on historically underrepresented firms, including women, minority, veteran, disability, and LGBTQ-owned enterprises.  Through a new pilot lending program called Access, NJEDA is making financing available to a wider range of small, women, minority, and veteran-owned businesses by placing a greater emphasis on cash-flow with less reliance on hard collateral.