"Economic Emergency Investment Stabilization Act"; allows EDA to invest in businesses impacted by major economic emergencies.

The Economic Emergency Investment Stabilization Act would allow New Jersey's Economic Development Authority (EDA) to make equity investments in businesses significantly harmed by major economic emergencies. The EDA would match private investments dollar-for-dollar, with investments ranging from $100,000 to $1 million per business, for a maximum 25% ownership stake, requiring businesses to secure at least $1 in outside investment for each dollar the EDA provides. Businesses must demonstrate they were financially healthy before the emergency, have a clear plan to return to financial viability, and meet specific location and employee requirements to qualify. The EDA would exit its investments within 12-10 years after the emergency ends, with proceeds returned to the Economic Recovery Fund, and the program would be funded by the Economic Recovery Fund, proceeds from previous equity sales, and other EDA resources.