Establishes EDA grant program to support increased business expenses incurred by certain businesses impacted by emergency bridge projects; appropriates $1 million.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill establishes a grant program offered by the New Jersey Economic Development Authority (EDA) to help retail businesses impacted by emergency bridge projects. The program will provide financial assistance to cover increased business expenses incurred during a ‘relief period’ – the time between the project’s start and completion – if the business operates within an affected area. The bill appropriates $1 million to fund this program, and requires the Department of Transportation to notify the EDA of ongoing projects.
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