Phil Murphy proposes opening a state bank to spur investment in New Jersey

unnamedToday at NJIT gubernatorial candidate Phil Murphy proposes opening a state bank as a means of investing in New Jersey. He proposes if we stop sending our money out of state through commercial banks that hold our money but do not invest in this state, we can better invest in innovation, small business, help students make college and their loans more affordable and invest better in infrastructure.

He also proposed creating an ‘innovation cabinet’ in his administration as governor to make sure that government moves as fast as innovation. He pledged to raise the minimum wage, increase EITC, provide childcare tax credit, earned sick days and equal pay for equal work.

The event at NJIT was attended by elected officials, many faith based leaders, students, activists and business leaders. Murphy touts these ideas as part of his plan to grow New Jersey’s economy and create jobs. More info at Murphy’s website.

Comment (1)

  1. Bill Orr

    With a Democratic legislature these proposals could be doable.
    This is a candidate I could support.


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