Gov. Christie signs bill to help small businesses get funding
Gov. Chris Christie signed a bill Wednesday that could help New Jersey's small businesses get more funding.
The measure creates the Small Business Bonding Readiness Assistance Program and directs the Economic Development Authority to give support services to small businesses, to help them bid on public projects or perform government contract work.
The bill passed unanimously in the Legislature, but budget analysts say it's unclear how much the program could cost the state.
The governor argues programs like this create jobs, and he says signing the bill is just the start of the work that he intends to do in his last year in office.
"We have work to do, not only for our economy and businesses, we have work to do for our families and each other," the governor said. "That is what I'm going to be committing myself to over the next year, in every way that I possibly can."
The Economic Development Authority helps secure hundreds of millions in financing and billions in tax credits for businesses that agree to stay in state and create jobs.
The Associated Press wire services contributed to this report.