Establishes Rural Broadband Infrastructure Grant Program in New Jersey; appropriates $2.5 million in federal funds.

This bill establishes the "Rural Broadband Infrastructure Grant Program" within the New Jersey Economic Development Authority to provide grants for expanding and improving broadband telecommunications infrastructure and services in rural areas. The grants, up to $75,000 per project, require a 25% private capital contribution from the applicant. The authority must prioritize applications for unserved areas, defined as those without broadband service at speeds of at least 25 megabits per second download and 3 megabits per second upload.

Establishes Rural Broadband Infrastructure Grant Program in New Jersey; appropriates $2.5 million in federal funds.

This bill establishes the "Rural Broadband Infrastructure Grant Program" within the New Jersey Economic Development Authority to provide grants for expanding and improving broadband telecommunications infrastructure and services in rural areas. The grants, up to $75,000 per project, require a 25% private capital contribution from the applicant. The authority must prioritize applications for unserved areas, defined as those without broadband service at speeds of at least 25 megabits per second download and 3 megabits per second upload.