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LEDC

Pricing for Small Business Profitability

Free Live Webinar, Sponsored by UCEDC

Price it high? Low? Hold sales? Offer Coupons? Make it up on volume? One of the most challenging decisions you’ll face as a business owner is how much to charge for your product or service. Understanding which price points motivate or dissuade consumers from purchasing is key to setting the right price. This interactive workshop will help you focus in on your specific cost structure to reveal the pricing strategy that’s right for you.

Click here to register for this free live webinar, sponsored by the Union County Economic Development Corporation

The workshop includes an interactive activity that helps participants to determine their business’s cost structure and how it relates to their current pricing.

Common issues facing entrepreneurs that this workshop will address:

How to make sure the price for your product or service is optimized for both you and the customer. How to take competition into account when making pricing decisions.

Activities and/or materials included in this workshop:

  • Presentation on best practices and process for pricing
  • Open Q&A with presenter

Benefits and/or outcomes of taking this workshop:

You will leave with an understanding of how cost structure affects pricing, how to link marketing efforts to your pricing, and how to use your pricing model as a tool for growth.

PLEASE NOTE: Once you have registered, a link to the webinar will be emailed to you prior to the event with instructions.

Looking for job assistance?

NJ companies are hiring now!

If you are looking for job assistance or want to start a new career, Communities in Cooperation cordially invites you to call in to this free event! Join us and receive a $25 ShopRite gift card! This event is for Linden and Roselle residents only. Click here to download the informational flyer for this event.

Registration

RSVP is required for this event, so make sure to register by clicking here and filling out the online form.

When

October 13, 2020 @ 4:30pm

Where

Dial in at 701-802-5160 and use access code 393655

Low Interest Loans for Small Businesses

The New Jersey Economic Development Authority announced Tuesday that it will be able to expand its Small Business Emergency Assistance Loan Program by $10 million, thanks to a grant received from the U.S. Economic Development Administration’s CARES Act appropriation. The money will allow the New Jersey EDA to create Phase 2 of its loan program, and will offer up to $100,000 in low-cost financing to eligible New Jersey small businesses and nonprofits to help with recovery and reopening efforts as a result of COVID-19.

Digital Marketing & Social Media for Small Businesses – Free Introductory Workshop

Digital marketing is an important part of your promotional mix, and social media platforms are valuable tools to use in your marketing communications strategy. On September 3, 2020 from 10am to 11:30am, small businesses are invited to a free introductory workshop hosted by the Union County Economic Development Corporation that addresses the basics of harnessing the power of digital, within the context of your organization’s marketing strategy. You will gain a fundamental understanding of the core principles of digital marketing, and learn to balance digital techniques with traditional methods, for greater effectiveness.

For more information and to register for the event, click here.

Uptown Linden Presents an Evening of Entertainment on September 15th

Please see the attached flyer for information about the performances to be given by Julian & Dominique and Lour Bernardi. RSVP to the Recreation Department at 908-474-8600. Social distancing will limit seats to 100, or you can stand in the Promenade, but you must call to reserve your spot. Masks are a must! In the event of rain, call 908-474-8604 after 4:00pm. Additional seating available for lawn chairs as space permits.

Marketing Strategy in Times of Economic Change

As a small business owner, it sometimes can be challenging to create a spending budget for marketing, given other business-related expenses, even in a healthy economy. Still, you will be challenged even more during tough economic times. The economy has a direct impact on the way a business promotes its products and services to customers. Understanding the link between the economy and marketing can help you to develop a cost-effective strategy for your business to respond to changes in the economic climate.

This free, live webinar / workshop, offered by the Union County Economic Development Corporation, will review the basic principles of marketing strategy and the application of the “4Ps of marketing”, SWOT analysis, target marketing, as well as assist in making effective local advertising choices, including social media, as part of a complete digital marketing plan to help a small business navigate in a changing economy.

Union County Freeholders Announce COVID-19 Relief Grant Program for Small Businesses

Initial Round of Program would provide grants up to $20,000 for impacted small businesses with 25 or fewer employees.

The Union County Freeholder Board today announced the initial-round launch of the Union County COVID-19 Relief Grant Program for small businesses that have been impacted by the health emergency.

The grant program will make available a total of $2 million in CARES Act relief funds. Out of this funding, the program will provide grants up to $20,000 to eligible small businesses to cover three month’s rent, property mortgage, utility and insurance expenses. The grant will be available to small businesses located within the boundaries of Union County with 25 or fewer employees prior to the COVID emergency.

“Union County’s small businesses are the life-blood of our communities and our downtowns,” said Freeholder Chairman Alexander Mirabella. “These businesses, which contribute so much to our quality of life as a whole, have been devastated by the COVID-19 emergency and need our assistance. The survival of these businesses is vital to Union County, and we encourage our small businesses to apply for a grant once the program is available.”

The Union County COVID-19 Relief Grant Program is funded by the COVID- Coronavirus Aid, Relief and Economic Security (CARES) Act Federal relief fund. The County of Union will begin accepting applications for the program through an online portal beginning Thursday July 16th at 10am.

The Basics of Financing Your Business

Access to capital is critical to many small businesses, yet most owners don’t understand how to determine what they qualify for, what money is available to them and the roadblocks they may face. In this introductory webinar, we’ll address these issues as well as inform business owners of what’s expected of them in obtaining capital.

Click here for more information and to register for this free, live webinar offered by the Union County Economic Development Corporation on July 16 from 10am – 12pm.

Make sure you get your $1,200 Federal Stimulus Check!

If you don’t make enough income to have to file taxes, you may miss out on the federal stimulus check, also known as the Economic Impact Payment. To get yours, go to the IRS website by clicking here, select the blue “Enter Your Information” button and enter your information. To receive the payments, individuals must provide their information to the IRS and apply for the payment no later than October 15, 2020. The informational flyer about this is available on the NJ.gov website in English and Spanish.

People looking for their stimulus check may call Senator Cryan’s office for information at (908) 327-9119 or they can click on this link, then scroll down to “Get My Payment” and follow the prompts.