Harry Hurley has learned and confirmed that millionaire David Richter will run for the Republican nomination for The United States House of Representatives in New Jersey’s 2nd Congressional District.

Richter may self-fund his own campaign. This is very attractive with many pay-to-play laws, which make it very challenging to raise the $2+ million dollars required to be competitive.

Richter‘s background is highly impressive.

He is the founder and chairman of Richter Capital.

Prior to this, he served for 22 years (in positions of increasing responsibility) at Hill International, a construction company, founded by his father in 1976.

Richter rose from General Counsel, to Group President, to Chief Operating Officer, to President and Chief Executive Officer.

Richter took the company from a small private firm of 300 employees to a public company of more than 4,500 employees, making it the 8th largest construction company in America.

Richter, 52, is a lawyer, engineer, and businessman. He is a three-time graduate of The University of Pennsylvania.

He received his Master’s Degree in major program management from the University of Oxford.

Richter recently received his 5th degree, a Master’s degree in public administration from Harvard University’s John F. Kennedy School of Government.

Richter had previously formed an exploratory committee, as a first step towards a potential run.

New Jersey’s 2nd Congressional District composition includes a very small piece of Burlington, where Richter grew-up; along with all of Atlantic, Cape May, Cumberland, Salem Counties; and, parts of Camden, Gloucester and Ocean Counties.

Richter has lived in Princeton, New Jersey, but is prepared to move into District 2.

The sprawling 2nd Congressional District represents 40 percent of the entire geography of the state of New Jersey.

After being burned in 2018 by a Republican candidate who pledged to be able to self-fund, the Republican Party has a deep political thirst to not get burned again.

Also, President Trump defeated Hillary Clinton by a comfortable 15,000 votes in 2016.

The President will again be on the ballot in 2020, which is a big boost for the ultimate District 2 Republican Nominee.

United States Congressman Jeff Van Drew defeated Seth Grossman 53-47 in 2016.

Grossman had been initially endorsed by the Republican Congressional Campaign Committee, only to be stripped of the endorsement a short while later.

Grossman endured a blistering national campaign of attacks, labeling him a racist, stating that Grossman believes minorities, immigrants, young women and elites are waging a war on white men. And, that Grossman said: “In my view, the best way to bring diversity to the Republican Party is for Republicans to openly say that the whole idea of diversity is a bunch of crap and un-American.”

Despite all of this Grossman ran a strong race, and, lost the race in Atlantic County, where Van Drew dominated.

Atlantic County will control who wins this race in 2020, this time with President Trump and the popular Atlantic County Executive Dennis Levinson on the Republican ticket.

NOTE: David Richter will be my in-studio Guest this Thursday, August 15th at 9AM on WPG Talk Radio 95.5 FM & 1450 AM.

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