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 bill outlines eligibility requirements for businesses, including the submission of necessary documentation and compliance with program regulations.

Additionally, the bill mandates that the DOLWD collaborate with various state agencies to effectively administer the program and ensure that grant funds are used appropriately. It requires grant recipients to submit quarterly reports detailing their hiring and expenditures, and the DOLWD is tasked with providing annual reports to the Governor and Legislature on the program's effectiveness. To support this initiative, the bill appropriates $750,000 from the General Fund for the program's administration.