New Jersey A3496 mandates state agencies to increase contracts awarded to minority- and women-owned businesses by 30% within five years.
New Jersey A3496 requires state agencies to make a good faith effort to increase the awarding of contracts procured without advertisement to certified minority-owned and women-owned businesses by 30% in the aggregate within five years. The State Treasurer will develop guidelines and directives to support this goal. State agencies must submit reports every 30 days detailing their efforts, while the State Treasurer will report every six months to the Governor and Legislature.
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