New Jersey bill A3046 establishes a grant program for business accelerators and incubators, funded by up to $1 million in societal benefits charge.

New Jersey bill A3046 creates the "Business Accelerator and Incubator Network Grant Program" to award grants to business accelerators and incubators supporting specific technology fields. The New Jersey Economic Development Authority administers the program, which funds incubator businesses in clean energy, life sciences, advanced materials, supply chain, big data, defense, and food and agriculture. The program is funded by up to $1 million in societal benefits charge revenues, with additional funds from other business development programs.

New Jersey bill A3046 establishes a grant program for business accelerators and incubators, funded by up to $1 million in societal benefits charge.

New Jersey bill A3046 creates the "Business Accelerator and Incubator Network Grant Program" to award grants to business accelerators and incubators supporting specific technology fields. The New Jersey Economic Development Authority administers the program, which funds incubator businesses in clean energy, life sciences, advanced materials, supply chain, big data, defense, and food and agriculture. The program is funded by up to $1 million in societal benefits charge revenues, with additional funds from other business development programs.