Democratic Party-affiliated groups looking to put a footprint on the governor’s contest are pouring money into a PAC called the Committee to Build the Economy (CBE), a fundraising arm for labor groups and others intent on boosting the campaign coffers of Democrat Phil Murphy.
After putting up millions of his own fortune in the Democratic Primary, Murphy – a former Goldman Sachs executive and former U.S. Ambassador to Germany – opted to accept public financing for the November general election.
Contacted for comment, the PAC committee anchored by Ed Farmer of Millennium Strategies – released a statement.
“The Committee to Build the Economy (CBE) was formed to ensure that the shared progressive values of the people of New Jersey are represented in the gubernatorial election. After seven plus years of failed leadership, CBE will be an advocate to help rebuild New Jersey’s economy by putting the interest of working class New Jersey residents first. CBE raised one million dollars towards this effort through June 30 and plans to continue to work with its partners to raise the necessary funds to achieve its goal.”
Farmer is a former chief of staff to U.S. Rep. Bill Pascrell (D-9).
The Committee to Build the Economy’s (CBE) official website can be found here.