Establishes Emerging Technology Urban Grant Program in EDA.

This bill establishes the Emerging Technology Urban Grant Program through New Jersey's Economic Development Authority (NJEDA), providing grants to cover cloud computing service costs for qualifying technology businesses. Eligible businesses must be located in designated urban technology zones (specific cities meeting population and economic criteria), commit to keeping their U.S. headquarters in those zones for five years total, employ 100 or fewer full-time workers, and demonstrate 20% growth in staff or revenue over the past year. The program aims to attract high-growth tech companies to urban cores, creating jobs and stimulating local economies through financial incentives for cloud service usage. Grants are limited to the actual cost of cloud computing services used, with applications due by June 30, 2022.