Designates month of July as "Diverse Business Month" in New Jersey.
If passed, AJR186 would not only acknowledge the economic influence of diverse-owned businesses but will also encourage state and local leaders to engage in activities that bolster support for these enterprises. This could include initiatives focusing on improving access to capital, resources, and contracting opportunities that have historically presented challenges for these businesses. A statewide study indicated significant disparities in the availability of state contracting for diverse-owned businesses, suggesting that the resolution could pave the way for legislative efforts to rectify these inequalities.
Assembly Joint Resolution No. 186, introduced in New Jersey, seeks to designate the month of July as 'Diverse Business Month' in recognition of the significant contributions made by businesses owned by persons of color, women, veterans, and members of the LGBTQ+ community. The resolution highlights that these diverse businesses play an essential role in the state's economy, accounting for a notable percentage of the population of businesses within New Jersey. The proposed month aims to promote these entities and raise public awareness of their economic and social importance.
As with any initiative aimed at promoting minority and diverse-owned businesses, AJR186 may face mixed reactions. Supporters argue the necessity for formal recognition and promotion of diverse businesses to combat systemic barriers they often encounter, while opponents may contend that such designations could encourage unfair advantages or imply a need for special treatment. Ultimately, the approval of 'Diverse Business Month' would signal a commitment by the New Jersey government to promote inclusivity in the business sector and tackle existing disparities head-on.