In a continuing effort to get more (dormant) liquor licenses into the market, the New Jersey Economic Development Authority is developing a new grant program that could defray up to $100,000 of the costs to obtain a currently unused license.
The grant program, pending approval from the EDA board, would aim to award $10 million in total grants. Businesses would be eligible to earn up to $100,000—but not more than 50 percent of the cost.
The EDA Liquor License Acquisition program is currently being drafted in consultation with the Division of Alcoholic Beverage Control and will coincide with relevant provisions in the law as they take effect.
