Provides preference for in-State businesses in State contracting.

This bill would require New Jersey state agencies to prioritize in-state businesses when awarding public contracts for goods or services. Specifically, if an in-state business's bid is within 5% of the top bid (which may be from an out-of-state business), the contract must be awarded to the in-state business. If no in-state bid meets this 5% threshold, the contract goes to the top bidder regardless of location. The bill also allows agencies to split large contracts into smaller parts to increase opportunities for New Jersey businesses to compete.