PRESS RELEASE: NEW JERSEY REPORT: INVEST IN AMERICA RELEASES NJ SMALL BUSINESS REPORT ON SUCCESS OF AMERICAN RESCUE PLAN 

FOR IMMEDIATE RELEASE
March 3, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

NEW JERSEY REPORT: INVEST IN AMERICA RELEASES NJ SMALL BUSINESS REPORT ON SUCCESS OF AMERICAN RESCUE PLAN 

Sen. Cory Booker: “We prioritized Main Street with the American Rescue Plan. When we invest in small businesses, we invest in culture, our small towns, our workers, and our families.”

Rep. Tom Malinowski: “This remarkable economic recovery didn’t happen by itself — it happened because of the work that we all did.”

Rashad Davis: “The support my business received from the American Rescue Plan allowed us to expand and take advantage of market opportunities. But there is also still a need to make sure that businesses like mine can thrive in the long-term.”

Didier Trinh: “It’s time to invest in our small businesses for the long-term and set up a system that reduces risk for entrepreneurs and includes investments in health care, child care, and paid leave.”

WASHINGTON, DC — Following a Zoom Press Call with Senator Cory Booker (D-NJ), Rep. Tom Malinowski (D-NJ), small business owner Rashad Davis, and Main Street Alliance’s Didier Trinh discussing the success of the American Rescue Plan in helping New Jersey small businesses, Invest in America released a new research report titled “How The American Rescue Plan Helped New Jersey Small Businesses Through the Pandemic.”

You can read the report here.

The following are statements from the call:

Senator Cory Booker (D-NJ):
“We prioritized Main Street with the American Rescue Plan. Often the big corporations have ways of accessing capital, but our small businesses get hurt. When we invest in small businesses, we invest in culture, our small towns, our workers, and our families. We need to continue that momentum and lower the costs that businesses face by making another substantial investment in the SBA and allowing more capital to flow to small businesses. Our small businesses drive all the major job growth in our country, and we have to make sure they have the resources they need.”

Representative Tom Malinowski (D-NJ):

“This remarkable economic recovery didn’t happen by itself — it happened because of the work that we all did. One of the most important federal programs that contributed to that success was the Paycheck Protection Program. In my district, over 20,000 small businesses received loans and over 200,000 jobs were saved. We have 750,000 people in my district, so that gives you a sense of how profoundly important the American Rescue Plan was.”

Rashad Davis, CEO & Owner of Plantivia Wellness:

“The support my business received from the American Rescue Plan allowed us to expand and take advantage of market opportunities. But there is also still a need to make sure that businesses like mine can thrive in the long-term. We still need more access to capital to support the future growth of Black and Latino businesses.”

Didier Trinh, Director of Policy and Political Impact at Main Street Alliance:

“We must do all we can to not just rescue the small business sector from the brink of collapse, but to return it to full strength and vitality. What the American Rescue Plan showed is that public investment works. Without government intervention, the small business economy that accounts for nearly half of all American jobs would have been decimated. It’s time to invest in our small businesses for the long-term and set up a system that reduces risk for entrepreneurs and includes investments in health care, child care, and paid leave.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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