New Jersey A635 mandates the Economic Development Authority to create a grant program for veterans purchasing franchises.

New Jersey A635 requires the New Jersey Economic Development Authority (EDA) to establish a program offering grants to qualified veterans who purchase franchises. The EDA must set terms and conditions for participation and enter agreements with approved veterans. The EDA provides a one-time grant of up to $10,000 per veteran. The EDA must establish procedures, criteria, and reporting requirements for the program. The fund for the program can receive appropriations, available monies, and donations. The EDA can amend policies as needed, provided they align with the bill's provisions.

New Jersey A635 mandates the Economic Development Authority to create a grant program for veterans purchasing franchises.

New Jersey A635 requires the New Jersey Economic Development Authority (EDA) to establish a program offering grants to qualified veterans who purchase franchises. The EDA must set terms and conditions for participation and enter agreements with approved veterans. The EDA provides a one-time grant of up to $10,000 per veteran. The EDA must establish procedures, criteria, and reporting requirements for the program. The fund for the program can receive appropriations, available monies, and donations. The EDA can amend policies as needed, provided they align with the bill's provisions.