This bill establishes a cybersecurity employment grant program within the New Jersey Department of Labor and Workforce Development (DOLWD) aimed at supporting small to mid-sized businesses in hiring cybersecurity specialists. The program will provide grants to qualified businesses, defined as those employing fewer than 500 employees and operating primarily within New Jersey, to assist with the costs associated with establishing and hiring a cybersecurity specialist for one year. The DOLWD will determine the grant amounts and is authorized to seek additional funding from public and private sources to enhance the program.

To participate, businesses must meet specific eligibility criteria, including submitting proof of their status as a qualified small to mid-sized business and complying with documentation requirements set by the DOLWD. The bill outlines the responsibilities of both the DOLWD and participating businesses, including the requirement for businesses to provide quarterly reports on their hiring and expenditures related to the grant. Additionally, the bill appropriates $750,000 from the General Fund to support the program's administration.