New Jersey Senate Bill S3220

New Jersey 2024-2025 Regular Session

• Introduced: 5/13/24
• Refer: 5/13/24

Caption

Establishes cybersecurity employment grant program for qualified businesses; appropriates $750,000.

Impact

If enacted, SB 3220 is expected to enhance the cybersecurity landscape of participating businesses, ultimately promoting a safer digital environment across the state. By facilitating the hiring of dedicated cybersecurity professionals, the program should help mitigate risks associated with digital threats, thus contributing to the safeguarding of critical business infrastructure. The implementation of this program aligns with broader state efforts to strengthen cybersecurity measures in light of increasing cyber threats targeting various sectors.

Summary

Senate Bill 3220 aims to establish a cybersecurity employment grant program within the New Jersey Department of Labor and Workforce Development. The primary intent of the bill is to assist qualified small to mid-sized businesses in hiring cybersecurity specialists to bolster their cybersecurity measures. To fund this initiative, the bill includes an appropriation of $750,000 from the General Fund, which will be allocated to offset the startup salary costs for these cybersecurity positions over a period of one year. The grant program is specifically designed to encourage businesses that employ fewer than 500 individuals and operate mainly within New Jersey.

Contention

While the bill has garnered support for its potential benefits, it may face scrutiny regarding the allocation of state funds and its effectiveness in addressing cybersecurity needs among smaller businesses. Some legislative members and stakeholders could point out concerns regarding the true extent of cybersecurity challenges faced by small to mid-sized firms and whether investing in this initiative is the most effective solution. Additionally, the bill's eligibility requirements and operational details will likely be closely examined to ensure equitable access to grants and proper oversight of fund utilization.