A 576 New Jersey General Assembly · 2024-2025 Regular Session

Requires EDA to establish program providing grants to certain entertainment businesses; appropriates not less than $5 million.

This bill (A576) requires the New Jersey Economic Development Authority (EDA) to create the "New Jersey Pandemic Entertainment Grant Program" to provide financial assistance to entertainment businesses significantly impacted by pandemic-related closures and capacity restrictions. It directly affects qualified businesses - such as family entertainment centers (NAICS codes 713110/713120) that operated 50%+ indoor revenue in 2019 and demonstrated a 50%+ revenue decline during April 2020-March 2021 due to the pandemic - excluding those who received prior pandemic grants. Grants equal 15% of the revenue loss during that period, with maximum amounts ranging from $25,000 to $750,000 based on business size and ride count. The bill appropriates $5 million from the General Fund to establish the grant program fund, mandating the EDA to administer applications, disburse funds, and set reporting requirements.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
3 primary · 0 co-sponsors

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