SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $1.08 BILLION IN NEW JERSEY OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in New Jersey
- SBICs have invested in 190 small businesses in New Jersey since 2018.
- SBICs have invested $1.088 billion in New Jersey small businesses since 2018, with $278.1 million invested in FY 2022 alone.
- New Jersey businesses that received financing from SBICs in 2022 supported 4,567 employees.
A sampling of the New Jersey-based companies that have received SBIC financing:
Microcision (Pennsauken Township)
Microcision is a custom manufacturer of precision machined components, implants, and assemblies with tolerances as tight as +/- .0001. From product development through production, Microcision capabilities include complex turning, drilling, cross-drilling, threading and milling of small parts made from all medical grade metals and plastics. Their staff has extensive expertise in the design and manufacturing of medical products. Certified to ISO 13485:2016 standards, every process at Microcision ensures exact and consistent adherence to critical dimensions and lot traceability. Millions of dollars have been invested in state-of-the-art CNC technology, training, information and tracking systems. This allows Microcision to produce the most complex configuration in the most cost-effective manner.
- SBIC: Rand Capital
Fabian Couture Group (Lyndhurst)
Fabian Couture Group, originally founded in 1901 as First Nighter Formals, has the proud distinction of being one of the first manufacturers of Formal wear in the US. In addition to their “award winning“ Formal wear Division, their Uniform Division has a well-earned reputation for innovation in design and fabrication. They believe that distinctive styling, meticulous construction and quality fabrication are key ingredients necessary to create a polished and professional image. They are proud to offer an extensive assortment of Career Apparel styles and sizes for both men and women. Their “In Stock“ program includes Formal Wear, Blazers, Suits, Trousers, Shirts, Vests and Accessories. From Hotels, Casinos, Restaurants and Country Clubs to Corporate Identity, Schools, Organizations, Choral Groups and Bands, Fabian Couture Group is a one stop shopping source.
- SBIC: Valesco Industries