New Jersey S857 requires the Economic Development Authority to create a grant program for veterans purchasing franchises.
New Jersey S857 mandates the New Jersey Economic Development Authority (EDA) to establish a grant program for qualified veterans who become franchisees after the bill's effective date. The EDA must set terms and conditions for participation, including application procedures, grant criteria, and reporting requirements. The EDA will provide a one-time grant of up to $10,000 to each approved veteran. The EDA is also required to establish and maintain a fund to support the program, which can receive public or private donations.
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- Core Provisions
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- Legal Framework
- Critical Issues
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