S 2769
Establishes sheltered market program for certain business enterprises seeking State contracts.
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- Passed General Assembly
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Bill overview
This bill establishes a ‘sheltered market program’ in New Jersey, allowing state agencies to designate certain contracts for availability to businesses that have been certified as disadvantaged (e.g., veteran-owned, minority-owned, LGBTQ+-owned). The program aims to increase contracting opportunities for these businesses by establishing criteria for contract designation, requiring outreach to qualified businesses, and ensuring good faith efforts by prime contractors to offer subcontracting opportunities. The bill also mandates annual reporting on the program’s performance and sets a three-year maximum contract term.
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