Requires EDA to provide grants to certain small businesses affected by State infrastructure and construction projects.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill directs the New Jersey Economic Development Authority (EDA) to create a grant program for small businesses impacted by state-led infrastructure and construction projects. Small businesses meeting specific criteria, such as being independently owned and experiencing an ‘extended closure’ due to these projects, can apply for grants based on their operating expenses. The EDA will establish the grant program, manage a dedicated fund, and require contributing entities to contribute a portion of project costs to support affected businesses.
Bill text
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Sponsors
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4 on record
Primary sponsors
Cosponsors
James Beach
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