Representatives from the New Jersey Economic Development Authority (NJEDA) visited Alliance Calibrations Group (ACG) in North Brunswick to highlight the low-cost financing solutions available from the NJEDA to New Jersey’s small businesses. ACG received financing from M&T Bank with an NJEDA participation to enable the company to purchase an 11,000-square-foot facility in North Brunswick.
ACG provides calibration, setup, installation, repair services, and preventive maintenance for analytical instruments that are used in the laboratories of pharmaceutical, chemical, and cosmetic companies, as well as criminal investigation labs throughout the country. ACG is an International Organization for Standardization (ISO) 17025 accredited laboratory.
ACG’s clients include businesses of all sizes – from the largest of pharmaceutical companies to the smallest of biotechnology startups.
“As a small business owner, I am dedicated to providing individualized attention to all of our clients,” ACG President and Chief Executive Officer David Good said. “Operating here in New Jersey, with its vibrant life sciences sector, puts us near a built-in customer base, and offers logistical advantages that facilitate a global reach. We thank M&T Bank and the NJEDA for supporting us in finally purchasing our own facility.”
NJEDA has several financing options to support the growth of small businesses in the Garden State. This includes either low-interest financing directly to small businesses through NJEDA, or NJEDA participation or guarantees of bank financing, which reduces the lender’s risk and lowers the cost of borrowing for the business. Visit http://www.njeda.com/lending to learn more about available resources.
Today’s visit also showcased the vital role companies like ACG play in New Jersey’s innovation economy.
“At the NJEDA, we’re focused on creating opportunities for businesses like ACG, which provide critical products and services to companies in New Jersey’s innovation economy, enabling them to better serve their customers in the local and global marketplace,” said Paul Ceppi, NJEDA Managing Director of Business Development.
Ceppi was joined at today’s visit by Kathleen Durand, NJEDA senior business development officer, and M&T Bank Vice President Shrini Rao.
“M&T Bank appreciates the ongoing relationship that we have with the NJEDA and the benefit it provides us in offering more flexible financing options to our customers,” Rao said.
To access more business news, visit NJB News Now.Related Articles: