Permits small businesses to qualify for loans from EDA for costs of energy audit and making energy efficiency or conservation improvements.

Summary

The bill directs the New Jersey Economic Development Authority to offer low‑interest loans that cover 100% of unreimbursed costs for energy audits and the purchase and installation of energy‑saving equipment. It applies to independently owned small businesses that operate primarily in the state and meet criteria set by the Authority. The goal is to help small firms lower operating costs and promote energy conservation.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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