Bill

Bill > A5960


NJ A5960

Makes $2.5 million in federal funds available to EDA to support veteran-owned businesses in need.


summary

Introduced
11/08/2021
In Committee
11/08/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill makes $2.5 million in federal funds available to the Economic Development Authority (EDA) to award grants to eligible veteran-owned businesses. The EDA may use up to five percent of these funds to support administrative expenses. As defined in the bill, a "veteran-owned business" is a business that has its principal place of business in the State, is independently owned and operated, and at least 51 percent of which is owned and controlled by persons who are veterans.

AI Summary

This bill makes $2.5 million in federal funds available to the Economic Development Authority (EDA) to award grants to eligible veteran-owned businesses. The EDA may use up to five percent of these funds to support administrative expenses. A "veteran-owned business" is defined as a business that has its principal place of business in New Jersey, is independently owned and operated, and at least 51 percent of which is owned and controlled by persons who are veterans.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 11/08/2021)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...