cost saving
Banking / Financial

Cost Savings Made Easy in Any Economy

These are indeed challenging times for New Jersey business owners, many of whom have seen their 2020 vision blinded by the historic impacts of the COVID-19 pandemic. 

For our part, NJBIA has enhanced our well-earned reputation for powerful advocacy at the Statehouse, where we lobby for pro-business policies and track thousands of bills and proposed regulations that can potentially harm businesses. During the COVID-19 crisis, NJBIA has led a coalition of more than 100 major business associations to secure relief for our struggling businesses and clear guidelines for their safe reopening. 

Michele Siekerka

Michele Siekerka, president and CEO, New Jersey Business & Industry Association (NJBIA)

But being known as the “Voice of New Jersey Business” can sometimes overshadow other critical resources that we also deliver – and that’s a wide range of cost-saving resources and programs for small businesses that deliver substantial expense reductions in any economy. 

Knowing that the economic pain wrought by the public health crisis continues to plague our members, NJBIA knew it was a priority to deliver a simple, time-efficient way that gets our members connected to the cost savings they need now more than ever. Enter the NJBIA Cost Savings Calculator. 

The Calculator is an online tool that will easily enumerate how much your business can save using just four of our most popular programs that reduce business costs for healthcare, payroll, shipping and merchant services. Go to and in a few short minutes you can input some brief business census data and the calculator will deliver your estimated cost savings. 

Health Benefits. Hundreds of small business owners tell us their NJBIA membership more than pays for itself with health benefits plans offered through Association Master Trust (AMT). AMT contracts with Horizon Blue Cross Blue Shield of New Jersey to offer competitively priced self-funded group health benefits with all the advantages of network services and modern claims administration. Plans include Direct Access, EPO, HSA and OMNIA designs, plus access to dental, group life and prescription plans. AMT’s not-for-profit structure has enabled it to pay out $17 million in dividends since 2012 to eligible members. 

Payroll Processing. Under our exclusive deal with Primepoint HRMS & Payroll, NJBIA members are saving an average of 30% on payroll costs with access to pre-employment screening, employee background checks and a wide range of HR services. Exclusive savings for NJBIA members include 10% off payroll processing, free direct deposit, a free base payroll process module and a $50 monthly credit toward one additional payroll module. 

Shipping. NJBIA has teamed up with UPS to lower shipping costs for our members. You can save up to 75% on qualifying less-than-truckload shipments over 150 pounds and 50% on regular shipping. Collectively, NJBIA members using this program have saved nearly $2 million over the past two years, with the top 250 users saving an average of $2,500 each per year. 

Payment Technology and Merchant Services. Under our exclusive program with Priority Payment Systems Local, members can lower their credit card processing fees by 15%, gain access to up to $1 million in working capital, and utilize the latest state-of-the-art equipment. Businesses benefit from fast and reliable payment technology with a wide range of terminals, online gateways, and POS systems. 

Beyond the Calculator there is even more savings to be had. Learn about other NJBIA programs, including discounts on state-mandated disability insurance, energy management solutions, prescriptions, office supplies, legal assistance and more, at Now, more than ever, it pays to be an NJBIA member!

To access more business news, visit NJB News Now.

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