WASHINGTON, DC – U.S. Senators Cory Booker and Robert Menendez (both D-NJ) announced that the U.S. Treasury Department awarded the State of New Jersey $10,831,972 in State Small Business Credit Initiative (SSBCI) funds to help support local small business growth and economic development.
“New Jersey small businesses serve as the foundation of our region’s economy while playing a critical role in boosting job growth and innovation,” said Sen. Booker, a member of the Senate Committee on Small Business and Entrepreneurship. “I’ve been committed to helping local entrepreneurs and small business access the capital they need to grow and succeed. These funds take another important step in that direction by investing in New Jersey small businesses, creating jobs and strengthening our economic competitiveness.”
“The State Small Business Credit Initiative helps New Jersey small businesses access much-needed capital to expand their operations, create jobs and grow the local economy,” said Sen. Menendez. “Small businesses drive our economy and these critical federal investments will help fuel the engine to keep it moving in the right direction.”
President Obama signed the Small Business Jobs Act into law in September 2010, which created SSBCI and funded the program with $1.5 billion to strengthen state programs that support lending to small businesses and small manufacturers. Since its inception, $33,114,033 in SSBCI funds have been disbursed to the New Jersey Economic Development Authority to help boost small businesses and the local economy.
President Obama proposed an extension of SSBCI, which is set to expire in 2017, in his FY 2017 Budget request with an additional $1.5 billion in funding.
Wildwood – So Liberals here on spout off, here's a REAL question for you.
Do you think it's appropriate for BLM to call for "Burning down the city" and "Black Vigilantes" because…
