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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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The Back Room

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Quote of the Day

Quote of the day

"A break-in occurred early this morning at the offices owned by Carl Sharif and two others at 660 Stuyvesant Ave. in Irvington, New Jersey. Several items are reported missing, including two laptop computers owned by Carl Sharif. There is also reported damage in the building. The Irvington police were called and a report was filed." - Jeffries campaign spokeswoman Lupe Todd

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