Authorizes local contracting units to establish joint venture and set-aside programs.

New Jersey's S 2677 allows counties and municipalities to create programs reserving government contracts for specific business types. It authorizes local governments to set goals for awarding a percentage of total contracts to qualified minority-owned, women-owned, veteran-owned, or small businesses, or to joint ventures involving these businesses. To qualify, businesses must be 51% owned by the relevant group (e.g., minority members, women, or veterans), based in New Jersey, and independently operated. The bill defines key terms like "qualified minority business enterprise" and requires written agreements for joint ventures to ensure compliance with the program goals.