Bill > A4486

Introduced Session

This bill establishes a State contract goal for socially and economically disadvantaged businesses. The bill establishes a goal that contracting agencies award at least 30 percent of their contracts to socially and economically disadvantaged businesses. Socially disadvantaged businesses are defined as businesses owned by individuals who can demonstrate membership in a racial minority group or show personal disadvantage due to color, ethnic origin, gender, sexual orientation, gender identity, physical disability, long-term residence in an environment isolated from the mainstream of American society, or location in an area of high unemployment. Economically disadvantaged businesses are defined as businesses owned by individuals who can demonstrate their ability to compete for State contracts has been impaired due to diminished capital and credit opportunities compared to others in the same line of business who are not socially disadvantaged and a personal net worth below a certain level.

AI Summary

Committee Categories

Shanique Speight (D)*,  Shavonda Sumter (D)*,  Reginald Atkins (D),  Carmen Morales (D),  Verlina Reynolds-Jackson (D), 

Reported and Referred to Assembly Labor Committee (on 05/05/2025)

Official Document