Establishes Rural Broadband Infrastructure Grant Program in EDA; appropriates $2.5 million in federal funds.

This bill establishes a $2.5 million Rural Broadband Infrastructure Grant Program through New Jersey's Economic Development Authority (EDA). It provides grants of up to $75,000 per project to qualified applicants (like corporations, nonprofits, or local governments) to expand broadband infrastructure in rural areas lacking reliable service (defined as speeds below 25 Mbps download/3 Mbps upload). Applicants must contribute at least 25% private funding and prioritize projects addressing unserved areas. The EDA must report annually on grant distribution, applicants, and outcomes, with funds sourced from federal Infrastructure Investment and Jobs Act monies.