Requires EDA to establish program providing grants to qualified veterans purchasing franchises.

This bill requires New Jersey's Economic Development Authority (EDA) to create a grant program for veterans purchasing franchises. It provides up to $10,000 in one-time funding to "qualified veterans" (veterans approved by the EDA) who become franchisees operating in New Jersey. The EDA will establish application rules, prioritize veterans applying within six months of the bill's effective date, and require grantees to report how the funds were used within one year. The program aims to support veterans entering franchise ownership through financial assistance, with funding sourced from state appropriations or private donations.