A 3454 New Jersey General Assembly · 2024-2025 Regular Session

Requires Business Action Center to establish "Entrepreneur Learner's Permit Pilot Program" for certain designated industries.

New Jersey Assembly Bill A3454 would create a two-year pilot program administered by the Business Action Center (BAC) to help first-time entrepreneurs start businesses in designated industries like biotechnology, finance, and environmental technology. The program would reimburse qualifying entrepreneurs for state filing, permitting, or licensing fees associated with business formation, with a yearly cap of $500,000 in total reimbursements. It prioritizes applications from women-owned and minority-owned businesses while requiring applicants to be first-time business owners in eligible industries. The BAC must evaluate the program after two years and report findings to the Governor and Legislature, including data on business formation, employment, and economic impact.
Tags: Small Business
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2024 Last action Feb 5, 2024
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Feb 5, 2024
General Assembly · Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Carol Murphy
Carol Murphy
DDemocratic
NJ
7