Bill
Bill > A1832
NJ A1832
NJ A1832Authorizes local contracting units to establish joint venture and set-aside programs.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would authorize local contracting units to establish women's, minority, and veteran business enterprise joint venture and set-aside programs. The "Local Public Contracts Law" has authorized local contracting units to establish minority and women's business enterprise set-aside programs since 1985, and veteran business enterprise set-aside programs since 2013, as a way to encourage the growth and competitiveness of minority, women's, and veteran businesses. This bill would amend the current local set-aside law to permit a local contracting unit to set aside a percentage of the dollar value of total procurements to be awarded as set-aside contracts to joint ventures which include one or more qualified women's, minority, or veteran business enterprises. This joint venture method, allowing traditionally disadvantaged women's, minority, and veteran-owned businesses to partner with more seasoned businesses into joint ventures, has been successfully employed in other places as a way to remove historic roadblocks that prevent disadvantaged businesses from competing in the public bidding process.
AI Summary
This bill would authorize local contracting units to establish women's, minority, and veteran business enterprise joint venture and set-aside programs. The existing "Local Public Contracts Law" already allows local contracting units to set aside a percentage of procurement contracts for minority, women's, and veteran-owned businesses. This bill would expand on that by permitting the creation of joint ventures that include one or more of these qualified businesses, allowing them to partner with more established businesses to better compete for public contracts. The goal is to remove historic roadblocks that have prevented disadvantaged businesses from fully participating in the public bidding process.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/14/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A2000/1832_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A2000/1832_I1.PDF |
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