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

Summary

The bill would have the New Jersey Economic Development Authority run a program that educates businesses about employee‑ownership models and offers financial assistance for feasibility studies. Eligible firms with at least 20 full‑time employees could get up to $35,000 (or 90 % of approved costs) toward a study, plus advisory services and possible loan financing. The goal is to encourage more companies to consider ownership structures that give workers a stake in the business.

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

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