Rutgers, the state university - FY 24 congressional community project funding

The U.S. Small Business Administration's (SBA) Office of the Chief Operating Officer awarded Rutgers, The State University a $300,000 Congressional Grants (CFDA 59.059) Project Grant to support small business development and entrepreneurship initiatives in Newark, NJ. This 2-year award, effective July 1, 2024, will enable Rutgers-Newark to leverage its expertise and community ties as an anchor institution to deliver a range of programmatic activities, including business counseling, technical assistance, workforce training, and economic development projects. The funding aims to foster small business growth and support underserved entrepreneurial communities in the Newark area. As a federally-qualified minority-serving institution, Rutgers-Newark has a proven track record of conducting applied research, implementing educational programs, and driving community engagement on behalf of federal agencies through its grants and contracts portfolio.