Establishes Rural Broadband Infrastructure Grant Program in New Jersey to improve broadband in rural areas.
The bill establishes the "Rural Broadband Infrastructure Grant Program" within the New Jersey Economic Development Authority to provide grants for expanding and improving broadband infrastructure in rural areas. Qualified applicants, including corporations, non-profits, and political subdivisions, must submit applications demonstrating their eligibility and project details. 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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