TRENTON – Legislation sponsored by Senate Economic Growth Committee Chair Nilsa Cruz-Perez and Vice-Chair Troy Singleton, which would establish the “Main Street Assistance Program” within the New Jersey Economic Development Authority (EDA), advanced from the Senate Economic Growth Committee yesterday.
“A vibrant main street is often the economic lifeblood of a small town,” said Senator Cruz-Perez (D-Camden/Gloucester). “The bustle of a thriving main street generates economic activity and fosters a sense of community. This legislation encourages the investment in New Jersey’s main streets by providing small businesses with the financial and technical assistance needed to compete with their larger counterparts. We are seeking to create destinations for consumers and residents while bolstering the state’s economy.”
“Providing assistance to businesses in small towns would breathe new life into the local economy and community,” said Senator Singleton (D-Burlington). “A main street lined with businesses, shops and restaurants attracts consumers and other new businesses into town, benefitting all the residents. This legislation makes downtown revitalization efforts of small town main streets possible.”
The bill, S-2256, would provide financial and technical assistance to businesses located in Main Street areas within small municipalities of a population under 20,000 and that is over 75 percent developed. The goal is to improve the economy, appearance and image of their central business districts.
The bill was released from committee by a vote of 3-0, and next heads to the Senate Budget and Appropriations Committee for further consideration.