Panelists on ‘The State of Black New Jersey 2020 Economic Summit’
Senator Anthony M. Bucco and Senator Joe Pennacchio participated in ‘The State of Black New Jersey 2020 Economic Summit’ hosted by the African American Chamber of Commerce of New Jersey (AACCNJ).
Sen. Anthony M. Bucco and Sen. Joe Pennacchio participated in ‘The State of Black New Jersey 2020 Economic Summit’ hosted by the African American Chamber of Commerce of New Jersey. (AACCNJ.com)
“The State of New Jersey can and must do more to create a level but competitive playing field for all businesses, and particularly for the minority community,” said Bucco. “I enjoyed engaging in a robust conversation and walked away with a deeper understanding of the challenges that minority-owned businesses continue to face. Better assisting Black-owned businesses will create more jobs, more opportunities, and more economic success in communities of color and across the Garden State.”
Bucco currently sponsors bipartisan legislation, S-967, that would assist New Jersey entrepreneurs and improve workers’ compensation laws for small startups. 93% of the more than 80,000 African American businesses in New Jersey are sole proprietorships.
“We are extremely pleased to have the participation from the Leadership of State Republican Legislators in the African American Chamber of Commerce of NJ State of Black NJ 2020 Economic Summit,” said John Harmon, President and CEO of New Jersey’s African American Chamber of Commerce. “Their ideas, engagement and leadership is critically important in our collective efforts to have a more inclusive and equitable economy in New Jersey.”
A bipartisan law sponsored by Pennacchio established the “Small Business Bonding Readiness Assistance Program.” This measure, backed by the AACCNJ, has helped small businesses to grow and create new jobs.
“Cutting red tape to help small businesses better compete produced an immediate opportunity for entrepreneurs to take advantage and succeed,” said Pennacchio. “I am proud to have partnered with John Harmon in the past and look forward to continue working with the African American Chamber of Commerce to develop and advance new initiatives. When the AACCNJ and elected officials work together, businesses win.”