Prohibits disqualification of certain minority-owned and women-owned businesses for certification.

This bill modifies New Jersey's certification process for minority-owned and women-owned businesses (MWBEs) to prevent disqualification based solely on not maintaining physical inventory. It allows businesses engaged in procurement (not production) to qualify if they: place orders with manufacturers, take possession by payment, assume ownership risk, and ship products to customers. The bill also requires the certification procedure to include safeguards against shell companies created to evade ownership rules. This change directly affects MWBEs operating as intermediaries in supply chains, expanding eligibility for state contract opportunities.