2013 New Jersey Revised Statutes
Section 34:1B-111 - New Capital Sources Partnership, purposes

NJ Rev Stat § 34:1B-111 (2013) What's This?

34:1B-111. New Capital Sources Partnership, purposes

5. a. Within one year following the date the board first convenes, the board shall incorporate or cause to be incorporated, as the case may be, a New Capital Sources Partnership.
b. The purpose of this partnership shall be to encourage and promote the development of small capital businesses in this State by forming a partnership with: individual investors and corporate investors, including financial institutions, to increase the amount of capital available for equity capital investments; small capital businesses in this State by the investment of equity capital in those businesses; Small Business Investment Companies to leverage federal dollars; educational institutions in this State to provide increased awareness of and opportunities for persons seeking to form or expand a small capital business, including training in all aspects of small business formation and management; and the State by providing expertise for and cooperation with the State in its efforts to encourage and support small capital business development.

L.1995,c.293,s.5; amended 1997, c.32, s.2.

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