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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Venezia
DDemocratic
P
Sterley Stanley
DDemocratic
P
Yvonne Lopez
DDemocratic
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