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By Eva Loayza | December 17th, 2012 - 4:48pm
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Assembly Democrats News Release

Watson Coleman Bill to Boost Creation of Small, Women- & Minority- Owned Businesses Clears Assembly

(TRENTON) - Legislation sponsored by Assemblywoman Bonnie Watson Coleman to expand the scope and reach of small, women- and minority-owned businesses throughout New Jersey by providing loans through the New Jersey Economic Development Authority was approved Monday by the General Assembly.

"Our economy cannot thrive unless it gives everyone a chance to be successful," said Watson Coleman (D-Mercer/Hunterdon). "We are all vastly interconnected and our success as a state depends on being able to invest in both urban and outlying areas. Small, women and minority-owned businesses in surrounding urban regions where jobs are often needed the most must be a part of any economic revival."

Under the bill (A-2122), when the Economic Development Authority makes direct loans to small, women and minority-owned businesses, manufacturers, redevelopers or nonprofit organizations in areas designated by the State Development and Redevelopment Plan as urban centers, it must also include such businesses located in "regional centers" surrounding these urban areas.

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"Gov. Chris Christie says he won’t campaign for the Republican gubernatorial candidate in New York because the cause is hopeless: Gov. Andrew Cuomo is ahead by more than 30 points. But he will campaign in New Hampshire, over and over, where the Republican is also trailing by more than 30 points. What’s the reason? It may be that New Hampshire holds the nation’s first presidential primary. It may be that he doesn’t want to mess with Cuomo, who knows where the skeletons are buried at the Port Authority. But one thing is certain: Gov. Straight Talk is spinning again. And it seems to be habit-forming." - columnist Tom Moran

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