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From a Q & A with the Steve Clemons and Christie….
The Hill’s Steve Clemons interviews former New Jersey Gov. Chris Christie. Read excerpts from the interview below.
Clemons: Tell us about the nonprofit you and your wife set up, a revolving fund for small businesses in your community.
Christie: Mary Pat and I were very frustrated watching what’s happening, especially with really small businesses here in New Jersey, because we have been one of the most locked down states in the country. So, we started something called the NJ 30 Day Fund. It was built off the idea that Virginia had come up with, a group of folks in Virginia started something called the Virginia 30 Day Fund. And here’s what it is: Companies between the size of three employees and 30 employees, so very small, we give them a $3,000 forgivable loan. If they get back on their feet and they could pay it back, we will pay it forward to the next business that needs help. And so, we started the fund with a $100,000 contribution from ourselves personally, and we’ve been raising money out there to do it, and we’re really happy to say that we have now helped over 100 businesses. I’ve gotten these loans already. The money is in their hands. We turn these applications around in three days, you get an answer and we just want to try to help people in this time that’s really hard. To let you know, we’ve been open now for about three weeks, and in three weeks we’ve gotten over 3,000 applications. So, it’s a real problem here in New Jersey, and hopefully this will help….