Requires certain funds from Main Street Recovery Fund to be used for grants for veteran-owned small businesses.

S 2422 requires 7% of funds from New Jersey's Main Street Recovery Fund to be allocated specifically for grants to veteran-owned and service-disabled veteran small businesses. These grants can cover capital improvements or operating expenses for eligible businesses meeting standard program requirements like tax compliance and minimum wage standards. The bill amends existing law to mandate this dedicated funding stream, defining eligible businesses as those owned and controlled by veterans per federal standards (15 U.S.C. §632(q)). It does not change other eligibility rules but ensures a set portion of recovery funds directly supports veteran entrepreneurs.