New Jersey announces $10M seed fund aimed at Black and Latinx founders
Today, in a twist, New Jersey Governor Phil Murphy has announced a proposal for a $10 million allocation in the state budget to create a seed fund for Black and Latinx startups, TechCrunch has learned exclusively. The Black and Latinx Seed Fund will be administered by the New Economic Development Authority (NJEDA).
NJEDA CEO Tim Sullivan said based on research conducted by the state, that New Jersey is the first state in the nation to develop this type of fund.
He said the move is a “direct response to the systemic racial inequities in access to capital for Black and brown entrepreneurs” and aimed at addressing “the racial wealth gap.”
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In March 2019, New Jersey Governor Phil Murphy signed into law a
series of amendments to the New Jersey Law Against Discrimination
(NJLAD), including N.J.S.A. 10:5-12.7, which provides, [a]
provision in any employment contract that waives any substantive or
procedural right or remedy relating to a claim of discrimination,
retaliation, or harassment shall be deemed against public policy
and unenforceable. That section further states that [n]o right or remedy under the [NJLAD] or any other statute
or case law shall be prospectively waived.
Frances Mulraney
Updated: 4 Apr 2021, 21:47
PRESIDENT Joe Biden has been accused of lying to the American people over the new Georgia voting bill to cause racial divisions in this country.
Former New Jersey Governor Chris Christie told ABC s This Week on Sunday that Biden is a hypocrite and is breaking his own rule over the election law.
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Chris Christie claimed Biden is lying to the American people Credit: Reuters
Christie continued to blast the commander-in-chief for using the same techniques he had accused Donald Trump of doing during the 2020 presidential campaign.
He added that it was “a symptom of what’s going on in our country right now.”
Democratic governors from seven states, including New York, New Jersey and California, wrote to President Joe Biden urging him to remove the cap on state and local tax deductions enacted by Donald Trump.
New Jersey Attempts to Poach Georgia s Film Business Amid Backlash to State s New Voting Law hollywoodreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hollywoodreporter.com Daily Mail and Mail on Sunday newspapers.