New Jersey Assembly Bill A1723

New Jersey 2022-2023 Regular Session

• Introduced: 1/11/22
• Refer: 1/11/22

Caption

Provides that disability-owned businesses be included in certain business development programs, direct loan programs, and certification processes; requires Chief Diversity Officer compile information on awarding of State contracts to disability-owned businesses.

Impact

The implementation of A1723 is anticipated to facilitate improved access and opportunities for disability-owned businesses within New Jersey. By incorporating them into state-run programs, the bill aims to ensure these businesses can compete on equal footing with other minority-owned entities. This move is particularly significant in addressing historical disparities in economic participation for people with disabilities, thus fostering a more inclusive economic environment across the state.

Summary

Assembly Bill A1723 aims to strengthen the inclusion of disability-owned businesses in various state programs aimed at economic development and support for minority-owned entities. Specifically, it mandates the integration of disability-owned businesses into business development programs, direct loan programs managed by the New Jersey Economic Development Authority (EDA), and the certification processes overseen by the Division of Revenue and Enterprise Services. The bill also highlights the importance of these businesses’ participation in public contracting protocols, recognizing their potential contributions to the state's economic landscape.

Contention

While the bill has garnered support for its inclusive approach, it may face scrutiny regarding the effectiveness of the existing monitoring mechanisms, especially concerning how the Chief Diversity Officer will oversee the allocation of state contracts to ensure fairness. Concerns may arise about the adequacy of resources and processes required to properly certify and support these businesses, ensuring they meet the defined criteria without undue burden or complexity. Dialogue surrounding these issues may shape the legislative discussions as A1723 moves through the approval process.