Prohibits disqualification of certain minority-owned and women-owned businesses for certification.
This bill updates New Jersey's certification standards for minority-owned and women-owned businesses to include resellers. It prohibits disqualifying such businesses solely because they don’t hold physical inventory, provided they order products from manufacturers, pay for them, assume ownership risk, and arrange shipping to customers. The bill also requires the certification process to include safeguards against using shell companies or other arrangements to evade ownership requirements. This directly affects reseller businesses seeking state contract eligibility under minority/women-owned business programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Verlina Reynolds-Jackson
DDemocratic
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