New Jersey Economic Development Authority to invest in businesses impacted by major economic emergencies.

The "Economic Emergency Investment Stabilization Act" allows the New Jersey Economic Development Authority (EDA) to invest in businesses financially harmed by major economic emergencies. The EDA can enter into matching investment agreements with businesses, investing between $100,000 and $1,000,000 if the business raises at least an equal amount from other sources. The EDA's investment cannot exceed 25% of the business's equity.

New Jersey Economic Development Authority to invest in businesses impacted by major economic emergencies.

The "Economic Emergency Investment Stabilization Act" allows the New Jersey Economic Development Authority (EDA) to invest in businesses financially harmed by major economic emergencies. The EDA can enter into matching investment agreements with businesses, investing between $100,000 and $1,000,000 if the business raises at least an equal amount from other sources. The EDA's investment cannot exceed 25% of the business's equity.