From The Governor's Office:

Governor Murphy Delivers Remarks on Supporting New Jersey Entrepreneurs in the Wake of Silicon Valley Bank Collapse

March 13, 2023 | nj.gov

Remarks as Prepared for Delivery

Before I get to my remarks for why we’re all here, I must first speak to last week’s collapse of Silicon Valley Bank and yesterday’s shutdown of New York-based Signature Bank, and what we are doing to help New Jersey companies which may have exposure to these failures.

We are opening programs through the Economic Development Authority, under the leadership of CEO Tim Sullivan and Chairman Terry O’Toole, to provide emergency assistance to any New Jersey-based companies that had been serviced by SVB and Signature.