Establishes Division of Minority and Women Business Development and State Chief Disparity Officer to monitor efforts to promote participation by minority-owned and women-owned businesses in State contracting.

Summary

The bill establishes a Division of Minority and Women Business Development within the New Jersey Department of the Treasury, headed by a State Chief Disparity Officer. The officer must collect data on how many contracts and how much contract value go to minority‑ and women‑owned firms, and report the findings to the governor and legislature. All state agencies must cooperate and appoint a liaison to work with the chief officer.

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