Establishes Rural Broadband Infrastructure Grant Program in EDA; appropriates $2.5 million in federal funds.

S 325 establishes a grant program to expand rural broadband access in New Jersey, using $2.5 million in federal funds from the Infrastructure Investment and Jobs Act. The program, managed by the New Jersey Economic Development Authority, provides grants up to $75,000 per project to qualified organizations (like companies, nonprofits, or local governments) that build or improve broadband infrastructure in "unserved areas" (defined as locations lacking 25 Mbps download/3 Mbps upload speeds). Applicants must contribute 25% private funding and prioritize projects addressing these underserved areas. The bill appropriates federal funds directly into a dedicated grant fund and requires annual reporting on program outcomes.