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Bill > A2135
NJ A2135
NJ A2135Makes $2.5 million in federal funds available to EDA to support veteran-owned businesses in need.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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 in New Jersey. The EDA can use up to 5% of these funds for administrative expenses. A "veteran-owned business" is defined as a business with its principal place of business in New Jersey, that is independently owned and operated, and at least 51% owned and controlled by veterans.
Committee Categories
Military Affairs and Security
Sponsors (7)
Joe Danielsen (D)*,
Bill Moen (D)*,
Roy Freiman (D),
Yvonne Lopez (D),
Ellen Park (D),
Lisa Swain (D),
Chris Tully (D),
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/09/2024)
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/2024/A2135 |
| BillText | https://pub.njleg.gov/Bills/2024/A2500/2135_I1.HTM |
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