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Bill > S2244
NJ S2244
NJ S2244Makes $2.5 million in federal funds available to EDA to support veteran-owned businesses in need.
summary
Introduced
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
01/08/2024
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)
Christopher Connors (R)*,
Joe Cryan (D)*,
Nilsa Cruz-Perez (D),
Sandra Cunningham (D),
Patrick Diegnan (D),
Nia Gill (D),
Gordon Johnson (D),
Fred Madden (D),
Steven Oroho (R),
Bob Singer (R),
Troy Singleton (D),
Jean Stanfield (R),
Samuel Thompson (D),
Shirley Turner (D),
Joe Vitale (D),
Last Action
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 03/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S2244 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2500/2244_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2500/2244_I1.PDF |
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