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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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"It sounds like Councilman Baraka is talking about regionalization similar to what happened to the Camden Police Department. Clearly, if you regionalize, there is going to be a layoff of Newark workers. We cant afford to have more cops laid off right now. During Mr. Baraka's time on the council, the city laid off about 170 cops, when has led to our streets being much more dangerous than they need to be." - Newark Mayoral candidate Shavar Jeffries, the former state Assistant Attorney General, referring to the disbandment of the South Jersey police force.- PolitickerNJ.com
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