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Bill > S3694


NJ S3694

Requires EDA to create needs-matching website for eligible entities.


summary

Introduced
02/28/2023
In Committee
02/28/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill requires the New Jersey Economic Development Authority (EDA) to create a website for the purpose of matching the needs and supplies of eligible entities. As defined in the bill, "eligible entity" means an entity doing business in this State in at least one of the following industries: advanced computing, advanced materials, biotechnology, electronic device technology, information technology, life sciences, medical device technology, mobile communications technology, or renewable energy technology. The EDA is required to make this website available to eligible entities including, but not limited to, businesses, real estate professionals, medical institutions, research facilities, non-profit organizations, professional associations, higher education institutions, and investors. Under the bill, the website is required to provide a platform on which an eligible entity may match its needs with a supplier for physical locations, equipment, labor, and other appropriate assets or services. The EDA is also required to provide a list of public and private funding sources and investment opportunities, including information on State and federal grant programs, which may be appropriate for an eligible entity.

AI Summary

This bill requires the New Jersey Economic Development Authority (EDA) to create a website that enables eligible entities, such as businesses, medical institutions, and research facilities in advanced computing, biotechnology, and other high-tech industries, to advertise their needs for physical locations, equipment, labor, and other resources, and match those needs with suppliers. The website will also provide information on public and private funding sources and investment opportunities that may be appropriate for these eligible entities.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 02/28/2023)

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