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Home Source documents Assembly Commerce and Economic Development Committee Statement to Assembly, No. 4749, Dated October 20, 2022

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

Summary

Statement of the Assembly Commerce and Economic Development Committee of the State of New Jersey, dated October 20, 2022, reporting Assembly Bill 4749 favorably. 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, the New Jersey Business and Industry Association, the New Jersey Chamber of Commerce and regional chambers of commerce across the State. The manual would give information and guidance on establishing, maintaining and expanding a small business, covering State and local permits and inspections, financial assistance programs, lease contracts, commercial real estate transactions and anything else the center's executive director deems necessary. It would be made public one year after the bill's effective date and updated periodically.

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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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