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Establishes programs in EDA to support New Jersey-based start-up, small businesses, and medium-sized businesses adopting artificial intelligence capabilities; appropriates $175.5 million.
NJ A2480 establishes EDA programs to support NJ-based businesses adopting AI, appropriating $175.5 million; analysis based on official description, full bill text reviewed.
If you adopt AI, you may access EDA support programs with $175.5M funding.
What do these statuses mean? ▼
Affected Industries
What This Means
The bill creates programs within the EDA to aid New Jersey start-ups, small, and medium-sized businesses in adopting AI technologies, with a total appropriation of $175.5 million. Analysis now includes a review of the full bill text.
Key Provisions
- Establishes programs in EDA to support AI adoption by NJ-based businesses.
- Appropriates $175.5 million.
- Full bill text reviewed, providing additional provisions and criteria.
Latest Legislative Action
Introduced, Referred to Assembly Commerce and Economic Development Committee
Bill Sponsors (showing 5 of 14)
| Name | Role |
|---|---|
| Benson, Daniel R. | Primary |
| Catalano, John | Primary |
| Lampitt, Pamela R. | Primary |
| McCoy, Tennille R. | Primary |
| McGuckin, Gregory P. | Primary |
Compliance Checklist
Who: AI businesses, start-ups, and small businesses
Deadline: Rolling basis, subject to fund availability
Penalty: Ineligibility for funding if application is not submitted
Who: Businesses applying for grants or loans
Deadline: At the time of application submission
Penalty: Application rejection if criteria are not met
Full Legal Analysis
Official Source
Affected Industries
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