Establishes Small Business Resiliency Project Loan Program in EDA for certain small businesses implementing resiliency projects.
The bill establishes the Small Business Resiliency Project Loan Program in the New Jersey Economic Development Authority (EDA) to provide financial assistance to qualified small businesses engaged in or having completed resiliency projects. A qualified business must be registered in New Jersey, intend to maintain operations in the state, and employ no more than 50 full-time employees.
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