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.
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
Floor votes
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Full legislative history
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Total actions
1
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0
Committee
0
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
Carol Murphy
DDemocratic
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