Establishes program in EDA to encourage employee ownership awareness and provide funding and advisory support.

The bill requires the New Jersey Economic Development Authority (EDA) to establish an "Employee Ownership Transition Program" to provide financial assistance and educational resources to encourage businesses to explore transitioning their ownership structure to an employee ownership model. The program would also provide educational resources to businesses about employee ownership models. The bill requires the EDA to designate a Director of Employee Ownership to administer the program.

Establishes program in EDA to encourage employee ownership awareness and provide funding and advisory support.

The bill requires the New Jersey Economic Development Authority (EDA) to establish an "Employee Ownership Transition Program" to provide financial assistance and educational resources to encourage businesses to explore transitioning their ownership structure to an employee ownership model. The program would also provide educational resources to businesses about employee ownership models. The bill requires the EDA to designate a Director of Employee Ownership to administer the program.