This bill amends the Job Enhancement Act to provide specific financial assistance to businesses impacted by the air ambulance crash in Philadelphia on January 31, 2025. It introduces a new definition for "Air ambulance crash impacted business" and establishes a grant and loan program aimed at supporting these businesses. The authority will issue grants to eligible institutions for technical assistance and training, while also providing loans to these institutions to facilitate funding for the impacted businesses.

Additionally, the bill mandates the preparation of a report by the authority, in consultation with a designated committee, detailing the financial allocations for the grant and loan programs, as well as the number of grants and loans disbursed. Importantly, the authority is prohibited from awarding any grants or loans under this section more than five years after the effective date of the legislation. The act is set to take effect immediately upon passage.

Statutes/Laws affected:
Printer's No. 917 (Mar 11, 2025): P.L.434, No.67
Printer's No. 1125 (Mar 25, 2025): P.L.434, No.67
Printer's No. 1125: P.L.434, No.67
Printer's No. 0917: P.L.434, No.67