NJ Governor Outlines Economic Stimulus Plan

Thursday, October 16, 2008

Saying the nation and New Jersey are facing the worst economic crisis since the Great Depression, Governor Jon Corzine has presented an economic stimulus plan to a joint session of the legislature. Corzine called for putting $500 million of state funds into community banks to boost their liquidity and make more money available to local businesses. He also called for a program to create jobs.

CORZINE: If a small businesss creates a job we’ll send that business a $3,000 check.

To address the housing crisis, Governor Corzine wants to make $150 million in state and federal funding available to prevent foreclosures, including financial counseling, mortgage restructuring, along with house and mortgage acquisitions


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by