Requires State agencies to make good faith effort to increase awarding of contracts procured without advertisement to minority- and women-owned businesses.

This bill requires New Jersey state agencies and the Division of Purchase and Property to make a good faith effort to increase contracts for goods/services (procured without advertising) awarded to certified minority- and women-owned businesses (MWBEs) by 30% within five years of the bill's effective date. It directly affects state agencies handling procurement under $250,000 (for goods/services) or $25,000 (for construction), which typically don't require public advertising. Key mechanisms include agencies submitting monthly reports to the State Treasurer on MWBE contracting progress, and the Treasurer developing guidelines and submitting biannual reports to the Governor and Legislature on implementation. The bill does not change existing contract thresholds but mandates measurable progress toward MWBE contracting goals.