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NJ S3021
Bill
Status
4/8/2024
Primary Sponsor
Joseph Pennacchio
Click for details
AI Summary
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Division of Purchase and Property must submit an annual report to the Governor and Legislature on contracts awarded to minority-owned and women-owned business enterprises, using data compiled by the division's Chief Diversity Officer
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Annual report must include the number of minority/women-owned businesses applying to RFPs, total contracts awarded to these businesses, total and average contract values, and percentage comparison to all small business contracts
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Division of Revenue assumes responsibility for administering, operating, and continuing development of the Selective Assistance Vendor Information (SAVI) database
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SAVI database serves as a central registry of small business enterprises, including certified minority-owned and women-owned businesses, to identify eligibility for programs like the New Jersey Small Business Set Aside program
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Database is intended to match buyers and vendors for State contracting opportunities
Legislative Description
Requires Division of Purchase and Property to issue annual report on public contracts awarded to women-owned and minority-owned businesses; requires Division of Revenue to operate Selective Assistance Vendor Information (SAVI) database.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
4/8/2024