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Senate Continues To Move In Bipartisan Manner To Create Jobs, Assist Nj Businesses

Numerous Bills Looking To Jumpstart Economy Clear Senate

TRENTON – Committed to getting the state’s economy moving again, the Senate today voted out several pieces of legislation that will spur job creation and help small businesses grow in New Jersey.

“We have seen some positive economic news recently, but it is nowhere near enough in terms of what needs to be done,” said Senate President Steve Sweeney. “Hundreds of thousands of New Jerseyans still can’t find work and our small businesses are struggling to hire and expand. The bills we have passed today, coupled with the various ones we passed earlier in the year, will go a long way towards getting our economy moving again. I hope Governor Christie will join us in this effort.”

The following bills, largely with bipartisan support, cleared the Senate:

S-3033 (Lesniak/Kyrillos), which would establish the Grow New Jersey Assistance Program to provide tax credits to certain businesses;

S-3064 (Sarlo), which would authorize the Director of the Division of Investment to establish a program to invest a portion of the state pension funds into New Jersey businesses in the form of venture capital;

S-3066 (Weinberg), which would permit small, women owned or minority owned businesses located in designated regional centers to qualify for loans from the Economic Development Authority as if located in the designated urban center;

S-3072 (Madden/Buono), which would direct the New Jersey Economic Development Authority and Commission on Higher Education to promote the establishment of higher education and business partnerships;

S-3080 (Greenstein/Gordon/Madden), which would establish the “Back to Work NJ Program”;

S-3089 (Norcross), which would establish the “Fresh Food Access Act” and fund act with sales tax revenue from urban enterprise zones for five years;

In the coming weeks, the Senate will be examining further measures that can help get New Jersey’s economy moving again.

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