Bill
Bill > A4193
NJ A4193
NJ A4193Requires Business Action Center to establish "Entrepreneur Learner's Permit Pilot Program" for certain designated industries.
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill requires the Business Action Center (BAC) within the Department of State to establish an "Entrepreneur Learner's Permit Pilot Program" (pilot program) to reimburse participating new business entrepreneurs for fees related to the establishment of certain new businesses. Under the bill, the BAC is required to establish the pilot program within six months after the effective date of the bill. The pilot program is required to be administered by the BAC over a period of two consecutive fiscal years and is intended to assist first-time entrepreneurs in starting new businesses in designated industries by providing reimbursements to qualifying entrepreneurs for State filing, permitting, or licensing fees associated with the formation of a business in the State. Under the bill, in operation with existing law, designated industries include the fields of biotechnology, pharmaceuticals, financial services, transportation and logistics, advanced computing, advanced materials, electronic device technology, environmental technology, and medical device technology. The bill requires the BAC to establish criteria for the review and approval of pilot program applications, including criteria to give priority to women's and minority businesses and to prohibit approval of applications by persons who are not first-time business owners in designated industries. The bill further provides that the BAC is to determine the manner in which to provide reimbursements to participating entrepreneurs and limits the aggregate amount of reimbursements under the pilot program to not more than $500,000 in any one fiscal year. The bill requires the BAC to adopt rules to administer the pilot program and to complete a review of the pilot program. The bill further requires the BAC to compile a report based on its review and to submit the report to the Governor and to the Legislature.
AI Summary
This bill mandates the Business Action Center (BAC), a state agency, to create a two-year "Entrepreneur Learner's Permit Pilot Program" to help first-time entrepreneurs in specific industries, such as biotechnology, pharmaceuticals, and financial services, by reimbursing them for state fees related to starting their businesses. The BAC must establish this program within six months of the bill's enactment and will prioritize applications from women-owned and minority-owned businesses, while excluding individuals who have previously owned businesses in these designated industries. The program has a yearly reimbursement limit of $500,000, and the BAC is required to adopt regulations, conduct a review of the program's effectiveness, and submit a report with recommendations to the Governor and Legislature.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 02/19/2026)
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/2026/A4193 |
| BillText | https://pub.njleg.gov/Bills/2026/A4500/4193_I1.HTM |
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