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(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.
Contact Eva Loayza at (609) 847-3500
A former administrator and a former shop foreman at the Passaic Valley Sewerage Commission were convicted at trial today of charges that they directed subordinate employees to complete repairs or improvements at private homes while on-duty for the PVSC, according to Acting Attorney General John J. Hoffman.Read More >
Days Since Last Christie Press Conference (Jan. 9)
Greenstein versus Watson Coleman in Princeton PRINCETON – When Princeton Community Democratic Organization (PCDO) Chairman Jim Durbin announced a second ballot runoff tonight and the losers headed for the back of the room, he alerted committee members to the names of the two surviving competitors. But people already...
BY JEFF BRINDLE Anytime now, the U.S. Supreme Court will render a decision in McCutcheon v. FEC. And while reformists may not like it, the high court is likely to allow national parties to raise far more money. That could strengthen them... Read More >
"The governor has allowed political cronyism to continue and even flourish, rather than stamp it out, with some of his closest confidants enriching themselves through millions of dollars in state contracts, and legal and lobbying fees, an Asbury Park Press review of thousands of pages of campaign, lobbying and contracting documents found."- The Asbury Park Press
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