Requires certain funds from Main Street Recovery Fund to be used for grants for veteran-owned small businesses.

This bill (A2742) requires 7% of funds from New Jersey's Main Street Recovery Fund to be allocated as grants specifically for veteran-owned small businesses. It directly affects eligible veteran-owned businesses that meet tax clearance, minimum wage, and other application requirements. The key provision mandates that the New Jersey Economic Development Authority reserve this 7% allocation for businesses owned by veterans or service-disabled veterans (as defined in federal law), while maintaining existing eligibility rules for all grant recipients. The bill does not create new funding but redirects existing resources toward this specific group.