New Jersey S715 requires the Economic Development Authority to provide grants to small businesses affected by state infrastructure and construction.
New Jersey S715 mandates the New Jersey Economic Development Authority (EDA) to establish a "Small Business Interruption Grant Program" to award grants to small businesses that have experienced economic loss due to extended closures caused by prolonged infrastructure or construction projects. To qualify, a small business must be independently owned, employ fewer than 10 individuals, and have annual gross revenue of $1,500,000 or less.
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