A 2467 New Jersey General Assembly · 2026-2027 Regular Session

Creates "Manufacturing Reboot Program" in EDA to provide financial assistance to certain manufacturing businesses; makes $10 million appropriation to EDA.

This bill creates a $10 million "Manufacturing Reboot Program" through New Jersey's Economic Development Authority (EDA) to provide financial assistance to qualified manufacturing businesses affected by the pandemic. It targets businesses meeting specific criteria (e.g., paying above-average wages, providing health benefits, operating facilities with >50% manufacturing equipment) and prioritizes those retooling for healthcare products like PPE, medical devices, or vaccines. Grants of $25,000-$150,000 per business cover equipment, payroll, training, or expansion costs, with $5 million allocated specifically for vaccine production and $5 million for other healthcare products. Recipients must report quarterly on employment and spending, and the EDA must annually report program outcomes to the Governor and Legislature.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026 Last action Jan 13, 2026
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Total actions
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Jan 13, 2026
Introduced
Introduced, Referred to Assembly Commerce and Economic Development Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tennille McCoy
Tennille McCoy
DDemocratic
NJ
14