Establishing a Business in New Jersey and the business regulation measures - Assignment Example

This New Jersey authority is very essential and resourceful to upcoming and new ventures. It helps entrepreneurs to improve their businesses by providing opportunities for educational programs and workshops, financing, and real estate development services. A statewide, not-for-profit corporation on economic development called the Union County Economic Development Corp (UCEDC) formed a partnership with the NJEDA to serve better the small businesses and ventures that are minority and women-owned.

This partnership gave rise to the formation of the Entrepreneurial training Initiative (ETI). The ETI offers web-based tools on self-assessment, financial business planning resources, budgeting workshops and business-plan services to provide avenues for an entrepreneur to start off the venture.The high increase in the Hispanic population in the New Jersey impelled the NJEDA to initiate a Spanish-language website. The Hispanic population has a strong entrepreneurial capability which is growing exponentially.

The entrepreneurial immigrants access the consultation services that are provided by the Association for Enterprise Opportunity, which facilitates and fosters the growth of small enterprise.The New Jersey state has high cost of living and this has reflected the business arena in terms of starting up capital and regulation requirement fees. Mistakes regarding the several elections, stock ownership, consent, notification, and filing requirements can result in the termination of business status.