Assembly Commerce and Economic Development Committee Statement to Assembly, No. 5444, 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. 5444. The 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 that 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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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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