Establishes Rural Broadband Infrastructure Grant Program in EDA; appropriates $2.5 million in federal funds.

This bill creates a $2.5 million grant program administered by New Jersey's Economic Development Authority to expand broadband access in rural areas lacking minimum service speeds (25 Mbps download/3 Mbps upload). It provides grants of up to $75,000 per project to qualified applicants like internet providers or local governments, requiring 25% private matching funds for infrastructure projects in "unserved areas." The program prioritizes projects addressing these unserved areas, with applicants submitting detailed proposals on service gaps and project plans. The EDA must report annually on grant distribution, including the number of projects funded and locations served.