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Bill > A4868
NJ A4868
NJ A4868Establishes Small Business Resiliency Project Loan Program in EDA for certain small businesses implementing certain resiliency projects.
summary
Introduced
11/14/2022
11/14/2022
In Committee
02/28/2023
02/28/2023
Crossed Over
02/27/2023
02/27/2023
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Establishes Small Business Resiliency Project Loan Program in EDA for certain small businesses implementing certain resiliency projects.
AI Summary
This bill establishes the Small Business Resiliency Project Loan Program within the New Jersey Economic Development Authority (EDA) to provide low-interest loans to qualified small businesses (with 50 or fewer full-time employees) for projects that improve resilience against climate change-related natural hazards. The program prioritizes businesses with a significant long-term impact on the state's economy, specific types of resiliency projects, and businesses located in municipalities that have incorporated climate change hazard assessments into their master plans. The bill also creates the "Small Business Resiliency Project Loan Fund" to hold the monies used for the loan program, which can be sourced from state, federal, or private funds.
Committee Categories
Budget and Finance, Business and Industry, Transportation and Infrastructure
Sponsors (12)
Shama Haider (D)*,
Paul Moriarty (D)*,
Chris Tully (D)*,
Reginald Atkins (D),
Daniel Benson (D),
Kimberly Eulner (R),
Robert Karabinchak (D),
Angela Mcknight (D),
Marilyn Piperno (R),
Verlina Reynolds-Jackson (D),
Sterley Stanley (D),
Lisa Swain (D),
Last Action
Received in the Senate, Referred to Senate Economic Growth Committee (on 02/28/2023)
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/A4868 |
| Fiscal Note - Fiscal Estimate 2/27/23; as introduced | https://pub.njleg.gov/Bills/2022/A5000/4868_E1.PDF |
| Analysis - Statement AAP 2/23/23 | https://pub.njleg.gov/Bills/2022/A5000/4868_S2.PDF |
| Analysis - Statement AEN 12/8/22 | https://pub.njleg.gov/Bills/2022/A5000/4868_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4868_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4868_I1.PDF |
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