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Read. Follow. Verify.New Jersey Requires Economic Development Authority to Provide $10,000 Grants to Veterans Purchasing Franchises
Last action · January 13, 2026: Introduced, Referred to Assembly State and Local Government CommitteeSponsors: Brian Bergen and 5 others
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What This Bill Would Do
Assembly Bill 635 requires the New Jersey Economic Development Authority to establish a program providing one-time grants of up to $10,000 to qualified resident veterans who purchase s within the State. The bill takes effect immediately upon enactment.
Eligible resident veterans who purchase a can receive up to $10,000 in state grant funding, provided they meet application requirements and submit proof of their franchise purchase within one year of receiving the funds.
- The New Jersey Economic Development Authority is an independent state agency that finances small businesses and economic development projects across New Jersey. context
- Assembly Bill 635 was pre-filed for introduction in the 2026 legislative session and referred to the Assembly State and Local Government Committee. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
qualified veterans
Eligible resident veterans can apply for one-time grants of up to $10,000 and must comply with reporting requirements after receiving funds.
New Jersey Economic Development Authority
The authority is required to establish, fund, administer, and set policies for the veteran franchise grant program.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who is eligible to receive the franchise grant?
What is the maximum grant amount available under the program?
What are the reporting requirements for grant recipients?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
1 action- Jan 13, 2026HouseIntroducedIntroduced, Referred to Assembly State and Local Government Committee
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Show 1 more sponsor
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Establishment of New Veteran Business Grant Program
The bill directs the New Jersey Economic Development Authority to expand its economic support offerings by establishing a specific fund and grant mechanism targeted at veteran-owned franchises.
Connected Entities
Sources
njleg.state.nj.us
Analysis Score
0–100- Significance45How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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