New Jersey S 1095: Provides incentives for certain businesses associated with military installations.

Bill Text

S1095 

SENATE, No. 1095 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Senator NILSA I. CRUZ-PEREZ

District 5 (Camden and Gloucester)

SYNOPSIS

���� Provides incentives for certain businesses associated 
with military installations.

CURRENT VERSION OF TEXT 

���� Introduced Pending Technical Review by Legislative 
Counsel.

�� 

An Act concerning incentives for certain businesses 
associated with military installations, amending various parts of the statutory 
law, and repealing section 3 of P.L.2019, c.240.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� Section 1 of P.L.2011, 
c.201 (C.34:1B-241.1) is amended to read as follows:

���� 1.��� As used in P.L.2011, 
c.201 (C.34:1B-241.1 et seq.):

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

���� "Department" means 
the Department of Agriculture established pursuant to R.S.4:1-1.

���� "Eligible farming 
operation" means two or more business entities that are engaged in farming 
operations in the State, that are applying together for participation in the 
small business loan program established pursuant to section 2 of P.L.2019, 
c.240 (C.34:1B-241.2), and that, at the time of the application, are 
independently owned and operated, participate in an agricultural commodity or 
product marketing and development program operated by the Department of 
Agriculture, and satisfy other criteria that may be established by the 
authority pursuant to P.L.2019, c.240.

���� "Eligible small 
business" means a business entity that, at the time of application for 
participation in the small business loan program established pursuant to 
section 2 of P.L.2011, c.201 

(C.34:1B-241.2), is independently owned and operated, operates primarily within 
this State, and which satisfies other criteria that may be established by the 
authority.� "Eligible small business" shall include qualified dairy 
farmers [and], 
eligible farming operations, and military support businesses.

���� "Farm equipment" 
means equipment used directly for farming operations.

���� "Farming operations" 
mean any activities connected to the commercial growing, harvesting, 
processing, producing, or raising of agricultural products in the State, 
including crops, dairy animals, livestock, fur-bearing animals, poultry, bees, 
crops used in fermented alcoholic beverages and wine, and any products 
therefrom, including organic agricultural products; aquacultural products; 
horticultural products; and silviculture products.

���� �Military installation� 
means a facility under operation by any branch of the Armed Forces of the 
United States, including but not limited to, the United States Coast Guard and 
the National Guard of this State.

���� �Military support business� 
means a small business that conducts innovative projects involving science, 
technology, engineering, math, or research and development, which projects are 
related to and supportive of the missions and operations of a New Jersey 
military installation, and which business is located within a five-mile radius 
of the outer boundary of a military installation in this State.

���� "Qualified dairy 
farmer" means a person or business entity that produces valued-added dairy 
products and that, at the time of application for participation in the small 
business loan program and receipt of a loan under the program, is independently 
owned and operated, operates primarily within this State, and satisfies other 
criteria that may be established by the authority.

���� "Value-added dairy 
product" means a dairy product created by a qualified dairy farmer by 
means of a change in the physical state of a dairy commodity, and shall 
include, but not be limited to, cheese, cultured sour cream, yogurt, kefir, 
butter, ice cream, evaporated milk, condensed milk, and concentrated milk.

(cf: P.L.2019, c.240, s.1)

���� 2.��� Section 2 of P.L.2011, 
c.201 (C.34:1B-241.2) is amended to read as follows:

���� 2.��� a. The authority shall 
maintain and administer a small business loan program for the purpose of 
providing loans to eligible small businesses.� The authority shall consult with 
the department in administering the small business loan program as it applies to: 
(1) an eligible small business that is an eligible farming operation; (2) 
defining the types of dairy products that shall be considered as value-added 
dairy products under the small business loan program, not inconsistent with 
section 1 of P.L.2019, c.240 (C.34:1B-241.1); (3) developing small business 
loan program guidelines for qualified dairy farmers and eligible farming 
operations; and (4) developing materials to provide to qualified dairy farmers 
seeking to expand value-added dairy production in this State.

���� b.��� (1) Loans made through 
the small business loan program may be made to