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A 4971 - Requires EDA to Provide Grants to Small Businesses Affected by State Infrastructure and Construction Projects - New Jersey Key Vote

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Title: Requires EDA to Provide Grants to Small Businesses Affected by State Infrastructure and Construction Projects

Vote Smart's Synopsis:

Vote to pass a bill that requires the New Jersey Economic Development Authority to provide grants for small businesses affected by state infrastructure and construction projects.

Highlights:

  • Defines authority as the New Jersey Economic Development Authority (Sec. 1).

  • Defines extended closure as the closure of a small business for over a month (Sec. 1).

  • Defines a low-income community as a city with a population of less than 10,000 and a poverty rate greater than 7.5% (Sec. 1).

  • Establishes the Small Business Interruption Grants Program to award grants to small businesses that have suffered economic loss due to an extended closure caused by state-funded construction projects (Sec. 2).

  • Specifies that the amount of projected revenue lost will determine the amount of the grant awarded (Sec. 2).

Full Bill Text
Full Bill Text

Title: Requires EDA to Provide Grants to Small Businesses Affected by State Infrastructure and Construction Projects

Full Bill Text

Title: Requires EDA to Provide Grants to Small Businesses Affected by State Infrastructure and Construction Projects

Full Bill Text

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