Requires Division of Purchase and Property to issue annual report on public contracts awarded to women-owned and minority-owned businesses; requires Division of Revenue to operate Selective Assistance Vendor Information (SAVI) database.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires the New Jersey Department of the Treasury to create and publish an annual report detailing public contracts awarded to women-owned and minority-owned businesses. It also mandates the Division of Revenue to manage and improve the Selective Assistance Vendor Information (SAVI) database, which helps identify small businesses eligible for state programs and connects them with contracting opportunities. The goal is to increase opportunities for these businesses in state procurement.
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Sponsors
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1 on record
Primary sponsor
Joseph Pennacchio
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