Assembly Commerce and Economic Development Committee Statement to Assembly, No. 5444 (March 8, 2021)

Summary

The Assembly committee reported Assembly Bill No. 5444 with amendments on March 8, 2021. As amended, it makes $35 million in federal funds available to the Economic Development Authority for grants to restaurants and bars with fewer than 100 employees.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 5444
                         with committee amendments



       STATE OF NEW JERSEY
                           DATED: MARCH 8, 2021

          The Assembly Commerce and Economic Development Committee
      reports favorably and with committee amendments Assembly Bill No.
      5444.
          This bill, as amended, makes $35 million in federal funds available
      to the Economic Development Authority (EDA) to award grants to
      restaurants and bars with fewer than 100 employees and who are in
      need of support as a result of the public health crisis.

      COMMITTEE AMENDMENTS:
          The committee amended the bill so that it is not a supplemental
      appropriation, but rather makes funding available for the bill’s
      designated purpose.


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