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NJ S857

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Michael Testa

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • New Jersey Economic Development Authority (EDA) must establish a grant program for veterans purchasing franchises to operate within the state
  • Qualified veterans may receive a one-time grant of up to $10,000 to help purchase a franchise
  • Veterans who apply and receive approval within six months of the bill's effective date receive priority assistance
  • EDA will establish and maintain a dedicated fund credited with state appropriations, EDA monies, and public or private donations
  • Grant recipients must report to EDA within one year proving they used the funds to purchase a franchise operating in New Jersey

Legislative Description

Requires EDA to establish program providing grants to qualified veterans purchasing franchises.

Economic Growth

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee

1/13/2026

Committee Referrals

Economic Growth1/13/2026

Full Bill Text

No bill text available