New Jersey § 34:1b-372

§ 34:1b-372.

As used in sections 65 through 68 of P.L.2021, c. 160 ( C.34:1B-370 through 34:1B-373 ): “ Authority ” means the New Jersey Economic Development Authority established pursuant to section

4 of P.L.1974, c. 80 ( C.34:1B-4 ). “ Chief executive officer ” means the Chief Executive Officer of the New Jersey Economic Development Authority. “ Eligible municipality ” means a city of the first class, a municipality with a private research university,

a municipality that is qualified to receive assistance under P.L.1978, c. 14 ( C.52:27D-178 et seq. ), a municipality under the supervision of the Local Finance Board pursuant to the

provisions of the “Local Government Supervision Act (1947),” P.L.1947, c. 151 ( C.52:27BB-1 et seq. ), a municipality identified by the Director of the Division of Local Government Services

in the Department of Community Affairs to be facing serious fiscal distress, a SDA

municipality, or a municipality in which a major rail station is located. “ Entrepreneur ” means an individual starting a small business and who meets the eligibility criteria

established by the authority for the program. “ Program ” means the New Jersey Innovation Fellows Program, established pursuant to section

68 of P.L.2021, c. 160 ( C.34:1B-373 ). “ Targeted industry ” means any industry identified from time to time by the authority that shall initially

include advanced transportation and logistics, advanced manufacturing, aviation, autonomous

vehicle and zero-emission vehicle research or development, clean energy, life sciences,

hemp processing, information and high technology, finance and insurance, professional

services, film and digital media, non-retail food and beverage businesses including

food innovation, and other innovative industries that disrupt current technologies

or business models.