New Jersey § 34:1b-350

§ 34:1b-350.

As used in sections 82 through 88 of P.L.2020, c. 156 ( C.34:1B-349 et al.): “ Authority ” means the New Jersey Economic Development Authority established by section 4 of

P.L.1974, c. 80 ( C.34:1B-4 ). “ Board ” means the Board of the New Jersey Economic Development Authority, established by

section 4 of P.L.1974, c. 80 ( C.34:1B-4 ). “ Eligible microbusiness ” means a business enterprise located in the State that produces goods or provides

services and has fewer than 10 full-time employees and annual gross revenue of less than $1,500,000 at the time of application for a loan under the program. “ Eligible small business ” means any business that satisfies the criteria set forth in subsection b. of section

85 of P.L.2020, c. 156 ( C.34:1B-352 ) at the time of application for a grant under the program. “ Program ” means the Main Street Recovery Finance Program established pursuant to section 84

of P.L.2020, c. 156 ( C.34:1B-351 ). “ Small business ” means a business engaged in the conduct of a trade or business in this State that

qualifies as a “small business concern” within the meaning of the federal “Small Business

Act,” Pub.L.85-536 ( 15 U.S.C. § 631 et seq. ) for the purpose of the small business's eligibility assistance from the United States

Small Business Administration.