New Jersey A5016 establishes a program to encourage employee ownership in businesses and provides funding and advisory support.

New Jersey A5016 requires the New Jersey Economic Development Authority (EDA) to establish an "Employee Ownership Transition Program" to encourage businesses to transition to employee ownership models. The program provides financial assistance and educational resources to businesses exploring employee ownership. The EDA must designate a Director of Employee Ownership to administer the program. The bill also establishes an Advisory Commission on Employee Ownership to advise the EDA on strategies to expand employee ownership.

New Jersey A5016 establishes a program to encourage employee ownership in businesses and provides funding and advisory support.

New Jersey A5016 requires the New Jersey Economic Development Authority (EDA) to establish an "Employee Ownership Transition Program" to encourage businesses to transition to employee ownership models. The program provides financial assistance and educational resources to businesses exploring employee ownership. The EDA must designate a Director of Employee Ownership to administer the program. The bill also establishes an Advisory Commission on Employee Ownership to advise the EDA on strategies to expand employee ownership.