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Committee Statement — Assembly Bill No. 2146, Assembly Commerce and Economic Development (October 20, 2022)

Summary

The Assembly Commerce and Economic Development Committee statement, dated October 20, 2022, reports favorably Assembly Bill No. 2146 (1R) with committee amendments. As amended, the bill creates a State business assistance program that sets an annual goal for State contracting agencies to award contracts to certified and qualified socially and economically disadvantaged business enterprises, with guidelines for public institutions of higher education. The program covers construction, architecture and engineering; professional services; goods and services; and information technology services. The committee amendments clarify that service-connected disabilities declared by the United States Department of Veterans Affairs are included in the bill's definition of socially disadvantaged.

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Cite this document

“Committee Statement — Assembly Bill No. 2146, Assembly Commerce and Economic Development (October 20, 2022).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-10-20-ace-a2146-s2-15e478b93c/, SHA-256 72f2bf5ee24c72d10342f60b5c381d61dfa96c1d5d8a59385c86f357a9d946db.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                              [First Reprint]
                     ASSEMBLY, No. 2146
                         with committee amendments



       STATE OF NEW JERSEY
                          DATED: OCTOBER 20, 2022

          The Assembly Commerce and Economic Development Committee
      reports favorably Assembly Bill No. 2146 (1R) with committee
      amendments.
          This bill, as amended, creates a State business assistance program
      to establish contracting agency procurement goals for socially and
      economically disadvantaged business enterprises.
          The business assistance program establishes an annual goal for
      State contracting agencies, as well as guidelines for public institutions
      of higher education, in awarding contracts to certified and qualified
      business enterprises. The program is designed to assist socially and
      economically disadvantaged businesses in obtaining State government
      contracts in the following areas: construction, architecture and
      engineering; professional services; goods and services; and
      information technology services.
          The purpose of this bill is to recognize the need to encourage,
      nurture, and support the growth of socially and economically
      disadvantaged businesses, to foster their development, and to increase
      the number of qualified competitors in the marketplace.

      COMMITTEE AMENDMENTS
          The committee amendments to the bill clarify that service-
      connected disabilities declared by the United States Department of
      Veterans Affairs are included in the bill’s definition of socially
      disadvantaged.

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