S 2065 New Jersey Senate · 2024-2025 Regular Session

Requires EDA to establish program providing grants to certain chambers of commerce; appropriates $1.5 million.

This bill requires New Jersey's Economic Development Authority (EDA) to create a grant program providing up to $25,000 per grant to qualified chambers of commerce for community events ("programming") and routine operations. It appropriates $1.5 million from the state General Fund to establish a "Business Recovery Fund" supporting this program, which directly affects chambers serving business communities across regions larger than single municipalities. The EDA must set application rules, approval criteria, and reporting requirements for recipients, with funds intended to aid business recovery following the pandemic. The program will operate under temporary regulations that must be finalized within 12 months.
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
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Vin Gopal
Vin Gopal
DDemocratic
NJ
11