Establishes program in EDA to encourage employee ownership awareness and provide funding and advisory support.

Summary

The bill directs the New Jersey Economic Development Authority to set up a program that offers financial help, education and technical assistance to businesses that want to move to employee‑ownership structures. It also requires the authority to appoint a Director of Employee Ownership and an advisory commission to guide the effort. The goal is to encourage more companies, especially small and succession‑planning firms, to consider employee ownership as a growth and wealth‑building strategy.

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

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