Small Business Support

Small Business Resources (Jersey City area or NJ-wide)

• 7-25-24 - Small Businesses Matter: Navigating the AI Frontier | Bipartisan Policy Center - Survey results from 500 small businesses about AI integration.  Some findings:

  • • • 1.) Most small businesses had a positive or neutral attitude towards AI integration

      • 2.) Younger business owners tend to use AI tools more than older (34% very often for YA vs 7% very often for seniors)

      • 3.) Non-white business owners tend to use AI tools “very often” about twice the rate of white business owners

• 5-08-24 - JCHA Section 3 Business Concern signup opened

  • • • Public Housing Authorities (like JCHA) and other large projects funded through HUD (like CDBG, etc) have a contracting requirement referred to as “Section 3”.  Section 3 is an initiative to promote job opportunities locally to individuals/entities of greatest priority wherever HUD funding is applied. While Section 3 has been around since the 1960s, there are several important updates that may support local businesses:

      • Section 3 compliance criteria updated in 2021, creating goals for Section 3 and Targeted Section 3 worker hours.  All hours by workers of “Section 3 Business Concerns” automatically count towards both goals, making them extremely sought after.

      • The HUD Low Income Limits for Hudson County has recently increased to $74,900 (from $68,150 last year), making it more likely for an organization to qualify as a Section 3 Business Concern.

      • HUD currently does not have an active portal for listing Section 3 Business Concerns, so, using HUD templates, JCHA is reaching out to update a list of local Section 3 Businesses using the form linked below.  This is also a great opportunity to let us know about other certifications and classifications your organization qualifies for (MBE, WBE, SBE, etc). 

      • Other entities with Section 3 compliance goals are increasingly reaching out to JCHA to ask for lists of Targeted Section 3 workers and eligible Section 3 Businesses.  Your organization could be included on this list.

      • To be included on JCHA’s Section 3 Business Concern list, fill out the short form on this link:  https://bit.ly/s3bcjcha