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NJ S4673
Bill
Status
6/30/2025
Primary Sponsor
Robert Singer
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 operating expenses caused by public highway construction projects
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Eligible businesses must be small businesses (50 or fewer employees), independently owned, New Jersey-based, and located within an "impacted construction zone" where road work impedes traffic flow or restricts customer access
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Grant amounts equal the difference between a business's normal operating expenses and the increased expenses incurred during the construction period, including lost revenues
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Requires the Commissioner of Transportation to notify the EDA when public highway projects commence or conclude, and to report all ongoing projects within 30 days of the law's effective date
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Appropriates $1 million from the General Fund to support administration of the grant program, with applications reviewed on a rolling basis subject to available funding
Legislative Description
Establishes EDA grant program to support increased business expenses incurred by certain businesses impacted by certain public highway projects; appropriates $1 million.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
6/30/2025