A 2424 New Jersey General Assembly · 2026-2027 Regular Session

Establishes Main Street Economic Growth Program to encourage business development in small, highly developed municipalities.

This bill creates the Main Street Economic Growth Program to support business development in New Jersey's small, highly developed municipalities (those with under 11,000 residents and over 70% developed land). It authorizes the state Economic Development Authority to provide loans, loan guarantees, tax credits, and technical assistance to businesses operating in designated Main Street areas within these municipalities. Municipalities can formally designate such areas through local ordinances that outline plans for economic improvement, including updating zoning or attracting private investment. The program targets towns facing unique growth barriers that exclude them from standard state business assistance programs.
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
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Jan 13, 2026
Introduced
Introduced, Referred to Assembly Commerce and Economic Development Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tennille McCoy
Tennille McCoy
DDemocratic
NJ
14