Expands EDA small business loan program to include certain broadband telecommunications service providers.
This bill expands New Jersey's existing small business loan program to include certified rural broadband telecommunications service providers as eligible borrowers. It defines "broadband telecommunications service provider" as entities certified by the Board of Public Utilities to offer high-speed internet (25 Mbps download/3 Mbps upload) in rural areas (population ≤30,000 and ≤4,000 people/sq. mile). The program will allow these providers to access loans for capital purchases, employee training, and new positions - similar to other eligible businesses like farmers and dairy operations. The change modifies the eligibility definition in existing law without creating a new program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Telecommunications and Utilities Committee
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Antwan McClellan
RRepublican
Co
Brian Bergen
RRepublican
Co
Dawn Fantasia
RRepublican
Co
Erik Simonsen
RRepublican
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