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NJ S2761
Bill
Status
2/15/2024
Primary Sponsor
Nilsa Cruz-Perez
Click for details
AI Summary
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Creates a New Jersey Economic Development Authority grant program providing up to $10,000 per business to qualified small hospitality businesses for purchasing barriers, blankets, heaters, and tents for outdoor winter operations
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Defines qualified businesses as restaurants, bars, breweries, brewpubs, wineries, and other establishments serving food or alcohol with 100 or fewer employees at a New Jersey location
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Establishes a $50 million fund using federal Coronavirus Relief Fund allocations under the CARES Act to finance the grants and program administration
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Requires participating businesses to submit proof of purchases and other reporting information as determined by the EDA
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Grants the EDA authority to establish application procedures, timelines, funding criteria, and policies for administering the program
Legislative Description
Establishes small hospitality business winter preparation purchase or reimbursement program in EDA; appropriates $50 million to EDA from federal funds.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
2/15/2024