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Assembly Commerce and Economic Development Committee Statement to Assembly, No. 4749 (October 20, 2022)

Summary

The Assembly Commerce and Economic Development Committee statement, dated October 20, 2022, reports favorably Assembly Bill No. 4749. The bill requires the New Jersey Business Action Center to establish and maintain a publicly available small business manual, in collaboration with the New Jersey Economic Development Authority, New Jersey Business and Industry Association, the New Jersey Chamber of Commerce, and regional chambers of commerce across the State. The manual is to provide information and guidance on establishing, maintaining, and expanding a small business, including State and local permits and inspections, financial assistance programs, lease contracts, and commercial real estate transactions. The manual will be made available to the public one year following the bill's effective date.

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Cite this document

“Assembly Commerce and Economic Development Committee Statement to Assembly, No. 4749 (October 20, 2022).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-10-20-ace-a4749-s1-658fa903a0/, SHA-256 adcf7320fd82ebea13ddc27d262b81d97083a5335e775ba04f7b503b1280f151.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 4749

       STATE OF NEW JERSEY
                          DATED: OCTOBER 20, 2022

          The Assembly Commerce and Economic Development Committee
      reports favorably Assembly Bill No. 4749.
          This bill requires the New Jersey Business Action Center (“BAC”)
      to establish and maintain a publicly available small business manual.
          Under the bill, the BAC will be required to establish and maintain,
      in collaboration with the New Jersey Economic Development
      Authority, New Jersey Business and Industry Association, the New
      Jersey Chamber of Commerce, and regional chambers of commerce
      across the State, a publicly available small business manual that
      provides information and guidance on establishing, maintaining, and
      expanding a small business.
          The bill also provides that the contents of the manual will include,
      but not be limited to, information concerning:
          (1) State and local permits and inspections;
          (2) financial assistance programs;
          (3) lease contracts;
          (4) commercial real estate transactions, including methods on how
      to acquire commercial real estate; and
          (5) any other information that the BAC’s executive director deems
      necessary.
          The bill provides that the manual will be made available to the
      public one year following the bill’s effective date, and that the BAC’s
      executive director will be required to update the information contained
      in the manual periodically.

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