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Bill > S2244


NJ S2244

NJ S2244
Makes $2.5 million in federal funds available to EDA to support veteran-owned businesses in need.


summary

Introduced
03/07/2022
In Committee
03/07/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 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 the State, 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 (15)

Last Action

Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 03/07/2022)

bill text


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