Establishes Downtown Economic Growth Program to encourage business development in certain small municipalities.*

This bill creates New Jersey's "Main Street Downtown Economic Growth Program" to support business development in small municipalities (under 11,000 residents) with established commercial areas. It provides loans, tax credits, and technical assistance to businesses operating within downtown zones formally designated by participating municipalities. To qualify, a municipality must formally designate a "Main Street" area meeting specific development criteria and outline a plan for economic growth. The program aims to help these smaller communities foster job creation and business expansion through state-funded incentives.