§ 34-1b-350

34:1B-350 Definitions. 83. 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.

ans 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. L.2020, c.15 6, s.83; amended 2021, c.160, s.39.