{"data":{"id":"us-nj/n.j.-stat.-43-21-68","jurisdiction":"us-nj","citation":"N.J. Stat. § 43:21-68","heading":"Findings, declarations relative to small business","body":"2.\tThe Legislature finds and declares that a significant percentage of new jobs in this country are created by small businesses and that approximately 12 percent of the persons employed in the United States are self-employed, mostly in small businesses.  In the wake of recent corporate downsizing, it is imperative that ways are found to help unemployed individuals, including professional and technical employees, to re-enter the labor force.  Experience in numerous other states and in certain urban areas of New Jersey has shown that \"micro-lending,\" or carefully targeting small loans to individuals with well-developed, realistic business plans, has been successful in helping those individuals to establish small businesses and become self-employed entrepreneurs.  This approach is particularly successful where the loan recipients are part of a peer group that provides support, advice and assistance, and helps to ensure loan repayments.\nL.1995,c.394,s.2.","path":["TITLE 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT \t\t\tCOMPENSATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"f4743986438152aabdfbb56971e99892fed926c268e8903a5655e4e429d876ad","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-43-21-67","next":"us-nj/n.j.-stat.-43-21-69"},"notice":"GroundRules: Original legal text. Not legal advice."}