Creates grant program for business accelerator and incubator networks; transfers $1 million in societal benefits charge revenues to EDA to administer program.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates a grant program administered by the New Jersey Economic Development Authority to support business accelerator and incubator networks. The program will provide funding to these networks to assist incubator businesses operating within them. The bill also directs the state to transfer $1 million in societal benefits charge revenues to the EDA to administer this grant program, and clarifies definitions related to advanced technology and business development.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
James Beach
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