Establishes advertisement grant program for emerging businesses in science and technology.
This bill establishes a grant program administered by New Jersey's Economic Development Authority to help emerging science and technology businesses cover advertising and marketing costs. It defines eligible businesses as those with fewer than 225 employees (75% based in New Jersey) operating in specific sectors like biotechnology, renewable energy, or information technology. Grants can only be used for advertising/marketing expenses, require annual financial reporting to verify proper use, and convert to loans if funds are misused. The program directly supports small tech businesses aiming to grow within New Jersey's economy.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jun 6, 2024
Floor votes
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 6, 2024
Committee
Reported and Referred to Assembly Appropriations Committee
lower
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Science, Innovation and Technology Committee
lower
3 primary · 4 co-sponsors
Sponsors
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