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Bill > S3427
NJ S3427
NJ S3427Provides that disability-owned businesses be included in certain businesses development programs, direct loan programs, and certification processes; requires Chief Diversity Officer compile information on awarding of State contracts to disability-owned businesses.
summary
Introduced
02/09/2021
02/09/2021
In Committee
02/09/2021
02/09/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides that disability-owned businesses be included in certain State programs, the certification process by the Division of Revenue and Enterprise Services, and for monitoring by the Chief Diversity Officer of the State. The bill incorporates disability-owned businesses within the Office of Minority, Disabled Veterans, and Women Medical Cannabis Business Development The bill incorporates disability-owned businesses into the requirement that, when the New Jersey Economic Development Authority (EDA) undertakes direct loans to certain qualified businesses located in certain urban centers, the EDA include disability-owned businesses within such an undertaking if the business is unable to obtain funding from conventional sources. The bill incorporates disability-owned businesses into the certification process managed by the Division of Revenue and Enterprise Services in the Department of the Treasury. Finally, the bill incorporates disability-owned businesses within the requirement that the Chief Diversity Officer of the State monitor the State's public contracting process for the purpose of compiling information on the awarding of contracts to minority-owned, disability-owned, and women-owned business enterprises, the total value of all contracts and the percentage of the value of those contracts awarded to minority-owned, disability-owned, and women-owned business enterprises.
AI Summary
This bill incorporates disability-owned businesses into various State programs and processes. Specifically, it:
1) Includes disability-owned businesses in the Office of Minority, Disabled Veterans, and Women Medical Cannabis Business Development, which promotes participation in the medical cannabis industry by socially and economically disadvantaged groups.
2) Adds disability-owned businesses to the definition of "qualified business" that can receive direct loans from the New Jersey Economic Development Authority.
3) Includes disability-owned businesses in the State's certification process for minority, women's, and disabled veterans' businesses, which allows them to bid on public contracts.
4) Requires the State's Chief Diversity Officer to monitor the awarding of State contracts to disability-owned businesses, in addition to minority-owned and women-owned businesses.
Overall, the bill aims to increase opportunities for disability-owned businesses to participate in State programs, access financing, and obtain public contracts.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/09/2021)
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/S3500/3427_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S3500/3427_I1.PDF |
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