Establishes Main Street Economic Growth Program to encourage business development in certain small municipalities.

The bill establishes the Main Street Economic Growth Program to provide financial and technical assistance to businesses located in main street areas within certain small municipalities. The program aims to encourage business development along traditional main streets of less-populated municipalities. The New Jersey Economic Development Authority (EDA) will establish the program, in consultation with the Department of Community Affairs and the New Jersey Business Action Center. The EDA will provide loans, loan guarantees, tax credits, and technical assistance to area businesses.

Establishes Main Street Economic Growth Program to encourage business development in certain small municipalities.

The bill establishes the Main Street Economic Growth Program to provide financial and technical assistance to businesses located in main street areas within certain small municipalities. The program aims to encourage business development along traditional main streets of less-populated municipalities. The New Jersey Economic Development Authority (EDA) will establish the program, in consultation with the Department of Community Affairs and the New Jersey Business Action Center. The EDA will provide loans, loan guarantees, tax credits, and technical assistance to area businesses.