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Eustace, Watson Coleman & Diegnan Bill to Create Small Business Loan Program to Help Create Jobs & Economic Growth Released by Assembly Panel
Bill is Part of Ongoing Assembly Democratic Job Creation Effort
(TRENTON) – Legislation Assembly Democrats Tim Eustace, Bonnie Watson Coleman and Patrick J. Diegnan Jr. sponsored to create a small business loan program to help create jobs and spark economic development was released Thursday by an Assembly panel.
“The global economic decline caused by the Great Recession placed very tight credit conditions on the availability of loans to small businesses from private financial institutions, impeding the expansion of small businesses and restricting their ability to improve the state’s economy,” said Eustace (D-Bergen/Passaic). “Clearly, we need to assist small businesses in making direct investments in their businesses to support capital purchases and operating expenses, including new hires and employee training..."
To read more, please visit the New Jersey General Assembly Democratic Office Web site.
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"This is my first Mark Smith event. There have been a lot of changes in Hudson County over the last year and a half, and the most important change that has happened is that there really is unity. For the first time, we really are working together. Despite political differences. Mark and I have worked very hard to repair that. I'm really happy to be here in support of him, because I recognize that when you work together, politics becomes secondary and you really have time to focus on government, which is the most important thing." - Jersey City Mayor Steven Fulop- PolitickerNJ.com
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