Modifies title and role of Chief Diversity Officer; establishes New Jersey Office of Supplier Development and Business Opportunities.

This bill changes the title of the "Chief Diversity Officer" to "Chief Supplier Development Officer" within the Department of the Treasury and creates the New Jersey Office of Supplier Development and Business Opportunities. It requires all state agencies and contracting units to collect and report detailed procurement data - including contract awards to certified businesses like minority-owned, women-owned, LGBTQ+-owned, and veteran-owned enterprises - to this office. The office will analyze the data, monitor compliance with contracting goals, provide training to agencies, and develop a cloud-based system to track contracts. This directly affects state agencies responsible for purchasing goods/services and certified businesses seeking state contracts.