E-NEWSLETTER: Innovation in NJ
Recently, I have taken part in small business roundtables with local entrepreneurs. Small business owners are so important to growing our economy and creating quality jobs in the 21st century. We need to be investing in technology and creating policies that help these innovators succeed. I’m thankful for the insights of those taking part in the roundtables and I look forward to bringing their ideas back to Washington.
Congressman Pallone at “Cowerks” in Asbury Park. Cowerks is a technology hub that offers inexpensive office space for entrepreneurs and small business.
I recently voted for the JOBS and Investor Confidence Act – which passed the House of Representatives. The bill makes a range of changes to capital formation laws, including updating the accredited investor definition which limits who can invest in most startups. The legislation will make it possible for more startups to receive funding.
I have also heard countless examples of the many ways the internet is driving innovation and growth across our communities. Every local small business owner I spoke with said they needed broadband so they could do what they do. The open internet has been, and will continue to be, a launching pad to grow the economy and create jobs throughout New Jersey.
The reliance of our small businesses on the internet is just one reason why we need to ensure that we restore “Net Neutrality”. Net neutrality requires that telecommunication companies do not discriminate against the content they transfer. This policy prevents broadband providers from selectively slowing down or blocking websites, or charging more for “fast lanes” of internet service. These extra connection costs would make it harder for startups to attract funding, get off the ground and compete with larger competitors. Unfortunately the Trump administration repealed net neutrality earlier this year. I want you to know that I will be fighting to restore
Net Neutrality and a free and open internet in Congress.
Rep. Pallone at a small business roundtable in Metuchen
If you have a moment, please respond to this email or contact my office to share your thoughts on how we can support innovation, small business owners, and create jobs in New Jersey. It is my job to represent you and I want to make sure that your views are taken into account while I’m fighting on your behalf.
Congressman Frank Pallone