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Bill > S2677
NJ S2677
NJ S2677Authorizes local contracting units to establish joint venture and set-aside programs.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 amends existing law to allow local government contracting agencies to establish "joint venture and set-aside programs" in addition to existing set-aside programs for women's, minority, and veteran-owned businesses. A "joint venture" is defined as an association between one or more qualified women's, minority, or veteran-owned businesses and one or more other businesses that partner to perform a contract, with each partner contributing to the venture. This new provision aims to help traditionally disadvantaged businesses, such as those owned by women, minorities, or veterans, by allowing them to partner with more established businesses to compete for public contracts, thereby removing historic barriers to participation in the public bidding process. The bill clarifies that these joint ventures can be included in the percentage of total procurements that local governments can set aside for these programs, and it outlines how these joint ventures will be considered in the bidding and reporting processes.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S2677 |
| BillText | https://pub.njleg.gov/Bills/2026/S3000/2677_I1.HTM |
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