Bill
Bill > A4360
NJ A4360
NJ A4360Creates grant program for business accelerator and incubator networks; transfers $1 million in societal benefits charge revenues to EDA to administer program.
summary
Introduced
06/20/2022
06/20/2022
In Committee
06/20/2022
06/20/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Creates grant program for business accelerator and incubator networks; transfers $1 million in societal benefits charge revenues to EDA to administer program.
AI Summary
This bill creates the "Business Accelerator and Incubator Network Grant Program" administered by the New Jersey Economic Development Authority (EDA). The program provides grants to business accelerators or incubators that support start-up companies ("incubator businesses") in fields like clean energy, biotechnology, and advanced manufacturing. The bill also transfers up to $1 million in societal benefits charge revenues collected by the Board of Public Utilities to the EDA to fund the grant program.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Assembly Appropriations Hearing (11:00:00 6/22/2023 Committee Room 11, 4th Floor, State House Annex, Trenton, NJ) (on 06/22/2023)
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/A4360 |
| Fiscal Note - Fiscal Estimate 11/14/23; as introduced | https://pub.njleg.gov/Bills/2022/A4500/4360_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A4500/4360_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A4500/4360_I1.PDF |
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