Bill > A1724

This bill creates a State contract set-aside program for businesses owned and operated by persons with disabilities. The key provisions include: - Establishing a "disability-owned business enterprise" as a business with at least 51% ownership and control by persons with disabilities, certified by nonprofit organizations focused on business disability inclusion. - Requiring contracting agencies to set aside at least 3% of their contracts for disability-owned business enterprises, either by directly designating contracts or requiring subcontracting to these businesses. - Detailing the procedures for designating set-aside contracts, reviewing and challenging the certification of disability-owned businesses, and addressing disputes between agencies and the Department of the Treasury. - Requiring annual reporting on the progress towards the set-aside goals and regular consultations with industry representatives to implement the program. - Imposing penalties for businesses that fraudulently obtain set-aside contracts, including fines and temporary debarment.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/A1724