Requires EDA to establish program providing grants to qualified veterans purchasing franchises.

This bill requires New Jersey's Economic Development Authority (EDA) to create a program providing one-time grants of up to $10,000 to qualified veterans purchasing franchises in the state. It directly affects veterans who are approved by the EDA and operating or planning to operate a franchise at a New Jersey location. Key provisions include the EDA establishing application procedures, prioritizing veterans who apply within six months of the bill's effective date, and requiring grantees to report how they used the funds within one year. The program aims to support veteran entrepreneurs by reducing startup costs for franchise ownership.