NJ A4971

Establishes the "Small Business Interruption Grant Program" through the New Jersey Economic Development Authority to provide grants to small businesses that suffer economic loss due to extended closures (one month or longer) caused by prolonged State or public entity infrastructure and construction projects

Defines eligible small businesses as independently owned operations with fewer than 10 employees and $1,500,000 or less in annual gross revenue

Creates the "Small Business Interruption Grant Program Fund" funded by contributions from entities responsible for prolonged infrastructure projects, with required contributions greater than zero but not exceeding 5% of estimated total project costs

Grant amounts will be determined by the authority based on operating expenses incurred by the small business during extended closures resulting from construction projects

Requires the authority to collaborate with State and local entities to ensure infrastructure project timeframes include specific start dates to help small businesses determine their grant eligibility