Establishes the Rural Broadband Infrastructure Grant Program in New Jersey to improve broadband service in rural areas.
The bill establishes the Rural Broadband Infrastructure Grant Program within the New Jersey Economic Development Authority. It provides grants to qualified applicants for the expansion and improvement of broadband telecommunications infrastructure and the provision of broadband telecommunications service in rural areas. Grants are capped at $75,000 per project, with applicants required to contribute at least 25% of the grant value in private capital.
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