New Jersey S713 establishes a set-aside program for state contracts, reserving 3% for businesses owned by persons with disabilities.
New Jersey S713 creates a State contract set-aside program for businesses owned and operated by persons with disabilities. The bill mandates that contracting agencies award at least 3% of their contracts to disability-owned business enterprises. These businesses must be independently owned and operated, with at least 51% ownership and control by persons with disabilities, and certified by organizations like Disability:IN. The Department of the Treasury administers the program, establishing regulations and maintaining lists of designated businesses.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.