Governor Murphy Delivers State of the State Address
Governor Murphy today delivered his third State of the State address. The address was delivered virtually amid the ongoing COVID-19 pandemic.
Governor Murphy laid out his administration’s work in response to the challenging times brought to New Jersey by the COVID-19 pandemic, including citing powerful new economic development programs as well as efforts to quickly rollout the New Jersey COVID vaccination program in addition to initiatives to help homeowners and renters during the pandemic. Governor Murphy also announced his intention to work with the legislature to enact in-person early voting to provide for additional opportunities to participate in democracy.
The Governor detailed the State’s work to help small businesses during the pandemic, noting that the NJEDA has helped 55,000 small businesses to stay afloat through a “life-saving” grant or loan. Governor Murphy highlighted A-4/S-3295, the legislation he recently signed into law to create and augment business incentives available in New Jersey. In particular, he mentioned the first-in-the-nation Evergreen Innovation Fund that will help bring necessary venture capital to high-growth and innovative New Jersey companies. Also included in this legislative package are provisions to expand New Jersey’s NOL and Angel Investor Tax Credit programs as well as the targeted Emerge, Aspire and Ignite programs to help keep strengthen New Jersey’s world class innovation ecosystem.
BioNJ thanks Governor Murphy, Senate President Sweeney and Assembly Speaker Coughlin for their continued leadership in shepherding New Jerseyans through the ongoing pandemic. We look forward to our continued work in 2021 in support of both innovators and Patients.
Governor Murphy will deliver his 2022 budget address next month. Stay tuned for more information on the address and 2022 budget process.
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or Governor Murphy’s address as prepared for delivery.
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