MADDEN TO BE HONORED BY NEW JERSEY STATE CHAMBER OF COMMERCE
Senator Fred Madden has been selected as one of four state lawmakers to receive the New Jersey State Chamber of Commerce's Legislative Award, the business group has announced.
In announcing the pick, Chamber President and CEO Thomas A. Bracken said Madden's work will "make sure New Jersey takes full advantage of its many assets." In addition, Bracken lauded Madden for "advocating on behalf of economic growth" and "ensuring the Garden State's competitive future."
"It is an honor to be recognized by the Chamber of Commerce," said Madden (D-Gloucester/Camden). "It has been both challenging and rewarding to work on behalf of New Jersey's economy, business leaders, and middle-class families. I am proud of my work to help retain, protect, and create new job opportunities. The Chamber has been an integral partner in these bipartisan efforts and I look forward to continuing this work moving forward."
Madden authored legislation that reduced unemployment insurance taxes on employers for the third year in a row, saving employers over $1.4 billion in UI taxes. He also was the leading sponsor of the state's new Angel Investor Tax Credit, which provides incentives to investors who provide capital to start-up businesses. In addition, Madden has been a champion of government reform by sponsoring legislation that calls for lawmakers and their family members to disclose whether they hold public employment or public contracts.
Madden will formally receive his Legislative Award at the Chamber's biannual Legislative Awards Reception on Oct. 9 at the Wyndham Hotel in Mount Laurel.
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