New Jersey Gov. Phil Murphy New Jersey Gov. Phil Murphy

NEWARK, NJ—New Jersey Gov. Phil Murphy signed an executive orderearlier this week that mandates the creation of a public bankwithin one year.

Executive Order No. 91 creates the Public Bank ImplementationBoard whose objectives will include assessing capital needs for NewJersey's small businesses, students, and local infrastructure andaffordable housing projects.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.