A 2357 New Jersey General Assembly · 2024-2025 Regular Session

Establishes Office of Financial Assistance in EDA to help eligible entities access opportunities for public financial assistance; requires office to develop common application platform.

This bill establishes an Office of Financial Assistance within New Jersey's Economic Development Authority (EDA) to help eligible small businesses access public financial assistance like grants, loans, and tax credits. It directly affects companies with fewer than 225 employees (75% working in New Jersey) operating in specified industries like biotechnology or renewable energy. The key mechanism requires the office to create a digital platform allowing these businesses to identify available programs, store application documents, submit multiple applications simultaneously, and track their status. State agencies offering such assistance must use this platform for all applications and ensure its information stays current.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Science, Innovation and Technology Committee
lower
3 primary · 3 co-sponsors

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