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Bill > A4360


NJ A4360

NJ A4360
Creates 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
In Committee
06/20/2022
Crossed Over
Passed
Dead
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)

bill text


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