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Assembly Commerce and Economic Development Committee Statement to Assembly, No. 5443, Dated March 8, 2021

Summary

A statement of the New Jersey Assembly Commerce and Economic Development Committee, dated March 8, 2021, reporting favorably, with amendments, on Assembly Bill No. 5443. The bill, as amended, makes $25 million in federal funds available to the Economic Development Authority (EDA) to award grants to microbusinesses that produce goods or provide services, have 10 or fewer full-time equivalent employees and are in need of support as a result of the public health crisis, and the amendments make it a funding provision rather than a supplemental appropriation.

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Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 5443
                         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.
      5443.
          This bill, as amended, makes $25 million in federal funds available
      to the Economic Development Authority (EDA) to award grants to
      microbusinesses that produce goods or provide services and have 10 or
      fewer full-time equivalent 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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