Establishes "New Jersey Cybersecurity Grant Program"; appropriates $5 million from General Fund.
This bill establishes the New Jersey Cybersecurity Grant Program, which allocates $5 million from the state's General Fund to help eligible businesses improve cybersecurity. It provides reimbursement grants (up to $100,000 per business annually) for sensitive businesses in the financial or healthcare sectors to purchase cybersecurity tools that reduce breach risks. To qualify, businesses must be deemed high-risk by the Office of Homeland Security and Preparedness and submit proof of purchases like invoices or receipts. The program is limited to one grant per business per fiscal year, focusing on entities operating within New Jersey.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
Governor
Introduced Sep 12, 2024
Last action Sep 12, 2024
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Full legislative history
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1
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0
Sep 12, 2024
Introduced
Introduced in the Senate, Referred to Senate Law and Public Safety Committee
upper
2 primary · 0 co-sponsors
Sponsors
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