Establishes Emerging Technology Urban Grant Program in EDA.
This bill establishes a grant program through New Jersey's Economic Development Authority to attract emerging technology businesses to designated urban areas. It provides grants covering cloud computing service costs for qualifying businesses that locate or maintain headquarters in specific "urban technology zones" (like Newark, Trenton, or certain cities meeting population criteria). To qualify, businesses must have 100 or fewer full-time employees, show 20% growth in staff or revenue, and commit to keeping their U.S. headquarters in the zone for five years total (two years during the grant period plus three additional years). The program aims to boost job creation and economic growth in New Jersey's urban cores by incentivizing tech companies to use cloud-based services.
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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Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Science, Innovation and Technology Committee
lower
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Eliana Pintor Marin
DDemocratic
P
Verlina Reynolds-Jackson
DDemocratic
Co
Anthony Verrelli
DDemocratic
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