A 3417 New Jersey General Assembly · 2026-2027 Regular Session

Requires EDA to provide grants to certain small businesses affected by State infrastructure and construction projects.

This bill creates a program where New Jersey's Economic Development Authority (EDA) awards grants to small businesses that closed for one month or more due to state or public infrastructure projects. To qualify, businesses must be independently owned with fewer than 10 employees, under $1.5 million in annual revenue, and prove economic loss from the closure. The EDA will determine grant amounts based on operating expenses during the closure, and the entity conducting the infrastructure project must contribute 0-5% of the project’s total cost to fund these grants. The EDA will manage applications, disburse funds, and establish reporting requirements for recipients.
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
2 primary · 4 co-sponsors

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