photo by Boyd Loving
NJ preparing to distribute $500M to businesses harmed by Sandy
Wednesday April 10, 2013, 6:14 PM
BY JOHN REITMEYER
STATE HO– USE BUREAU
The Record
New Jersey’s top economic development agency will be ready “in days” to offer a grant program for businesses hurt by superstorm Sandy once the federal government approves the state’s plan to distribute the first $1.8 billion in federal aid.
Michele Brown, chief executive of the state Economic Development Authority, told lawmakers Wednesday that her agency is hoping to get a decision on the state’s Sandy “action plan” from federal officials later this month.
“We plan to roll out the grant program in days after federal approval,” Brown told the Senate Budget and Appropriations Committee. “It will depend entirely on whether the federal government approves our action plan.”