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 providing up to $10,000 in one-time grants to veterans who purchase franchises in the state. It directly affects New Jersey veterans who are approved by the EDA and become franchisees (owners of franchised businesses) after the bill takes effect. The EDA must establish application procedures, set eligibility criteria, and require grantees to report within a year on how the funds were used for franchise purchases. The program prioritizes veterans applying within six months of the bill's effective date, with grants funded through state appropriations or private donations.