Requires EDA to establish program providing grants to qualified veterans purchasing franchises.

This bill requires New Jersey's Economic Development Authority (EDA) to create a program offering one-time grants of up to $10,000 to veterans who purchase business franchises in the state. It directly affects veterans who are approved by the EDA for participation and become franchisees operating within New Jersey. Key provisions include requiring veterans to apply for approval, prioritizing those applying within six months of the bill's effective date, and mandating annual reporting to verify the funds were used for franchise purchases within the state. The EDA will administer the program using a dedicated fund supported by state appropriations and eligible private donations.