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NJ A5916
Bill
Status
7/24/2025
Primary Sponsor
Sean Kean
Click for details
AI Summary
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Establishes a grant program through the New Jersey Economic Development Authority (EDA) to reimburse retail businesses for increased expenses caused by public highway construction projects
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Eligible businesses must be small businesses with 50 or fewer employees, independently owned, New Jersey-based, and located within an "impacted construction zone" where construction impedes traffic flow or restricts access
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Grant amounts equal the difference between a business's regular operating expenses and the increased expenses incurred during the construction period, including lost revenues and profit losses
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Requires the Commissioner of Transportation to notify the EDA when public highway projects begin or end, and to report all ongoing projects within 30 days of the bill taking effect
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Appropriates $1 million from the General Fund to the EDA to administer the program
Legislative Description
Establishes EDA grant program to support increased business expenses incurred by certain businesses impacted by certain public highway projects; appropriates $1 million.
Commerce, Economic Development and Agriculture
Last Action
Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee
7/24/2025