Assembly Commerce and Economic Development Committee Statement to Assembly, No. 2146 (1R) (October 20, 2022)

Summary

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

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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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