Requires State agencies to make good faith effort towards certain goals to use certified minority and women-owned businesses as prime contractors and subcontractors.

This bill requires New Jersey state agencies to make a good faith effort to increase the use of certified minority and women-owned businesses as prime contractors and subcontractors in state procurement. Based on a 2024 disparity study showing these businesses received only 4-15% of prime contract dollars across different contract types, agencies must develop participation goals using findings from a required disparity study to be completed by August 2029. Contractors must submit utilization plans detailing how they'll meet participation goals, with a waiver process available for those who've made a good faith effort but can't comply. The bill establishes complaint procedures for agencies and contractors when requirements aren't met, and expires December 31, 2029 unless the disparity study shows continued disparities.