New Jersey A3417 requires the Economic Development Authority to provide grants to small businesses affected by state infrastructure and construction.

New Jersey A3417 mandates the New Jersey Economic Development Authority (EDA) to establish a "Small Business Interruption Grant Program." This program will provide grants to small businesses that have suffered economic loss due to extended closures caused by prolonged infrastructure or construction projects. To qualify, businesses must be independently owned, employ fewer than 10 individuals, and have annual gross revenue of $1,500,000 or less. The EDA will determine grant amounts based on operating expenses incurred by the businesses.

New Jersey A3417 requires the Economic Development Authority to provide grants to small businesses affected by state infrastructure and construction.

New Jersey A3417 mandates the New Jersey Economic Development Authority (EDA) to establish a "Small Business Interruption Grant Program." This program will provide grants to small businesses that have suffered economic loss due to extended closures caused by prolonged infrastructure or construction projects. To qualify, businesses must be independently owned, employ fewer than 10 individuals, and have annual gross revenue of $1,500,000 or less. The EDA will determine grant amounts based on operating expenses incurred by the businesses.