S 1057 New Jersey Senate · 2024-2025 Regular Session

Establishes Office of Financial Assistance in EDA to help businesses and non-profit organizations access opportunities for public financial assistance; requires office to develop common application platform.

S 1057 creates an Office of Financial Assistance within New Jersey's Economic Development Authority (EDA) to help businesses and non-profit organizations access public financial assistance like grants, loans, and tax credits from state or federal agencies. The office will develop a common online application platform allowing these entities to identify available assistance, store application information for reuse, submit multiple applications simultaneously, and track their status. All state agencies offering such assistance must coordinate with the office to ensure applications can be submitted through this platform and that all information remains current. The bill requires the EDA to appoint a director with relevant experience and mandates the office to provide technical assistance on application processes and compliance.
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 Senate, Referred to Senate Economic Growth Committee
upper
2 primary · 0 co-sponsors

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