Expands EDA small business loan program to include certain broadband telecommunications service providers.

This bill expands the New Jersey Economic Development Authority (EDA) small business loan program to include certain broadband telecommunications service providers. It requires the EDA, in consultation with the Board of Public Utilities (BPU), to offer loans to broadband telecommunications service providers serving rural areas. The bill defines a "broadband telecommunications service provider" as a certified entity offering broadband telecommunications service in rural areas. The EDA must consult with the BPU when administering the program for these providers.

Expands EDA small business loan program to include certain broadband telecommunications service providers.

This bill expands the New Jersey Economic Development Authority (EDA) small business loan program to include certain broadband telecommunications service providers. It requires the EDA, in consultation with the Board of Public Utilities (BPU), to offer loans to broadband telecommunications service providers serving rural areas. The bill defines a "broadband telecommunications service provider" as a certified entity offering broadband telecommunications service in rural areas. The EDA must consult with the BPU when administering the program for these providers.