Summary
Anything that can be done to prevent job layoffs and company failures in the smallbusiness sector should be supported. Thaf s why we at NJSBDC have been so surprised to see the $1 million the state provided to NJSBDC cut so dras- tically for programs that help save and create jobs. Last year, only through strong legislative support, the state's investment in NJSBDC programs was restored by 50 percent to $500,000 in the Fiscal Year 2009 Appropriations Act. But in January, the administration of Gov.
In the face of rising unemployment and economic turmoil, New Jersey needs to support the growth of small businesses, which are struggling with market forces, declining sales, credit tightening and operating expenses. At a time when New Jersey will be receiving $17.5 billion over three years through President Barack Obama's economic stimulus money to close the gap in other spending areas, can it really be that the state cannot afford to restore an additional $250,000 to NJSBDC for direct services to small-business owners?See the full content of this document
Extract
Small-Business Services Should Remain N.J.'S Top Priority
THERE ARE 779,140 small businesses in the state of New Jersey, which make up 98.5 percent of the state's employers. In the face of rising unemployment and economic turmoil, New Jersey ne...
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