Requires EDA to establish program providing grants to qualified veterans purchasing franchises.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires the New Jersey Economic Development Authority (EDA) to create a grant program for qualified veterans who purchase franchises. The program would provide up to $10,000 in grants to veterans approved by the EDA to help them start a franchise business within the state. The EDA will establish the program’s rules, application process, and reporting requirements. Priority will be given to veterans who apply within six months of the bill’s enactment.
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