NJ S1078

Creates the "Minority and Women-Owned Businesses State Contractor Remedies Act" requiring all New Jersey State agencies to establish programs facilitating participation of minority-owned and women-owned businesses in State contracting.

Sets specific utilization goals for construction, goods and services, and professional services contracts, including 7.2% for Black American-owned businesses in construction, 10.14% for Hispanic American-owned businesses in construction, and 24.26-37.59% for women-owned businesses across various contract types.

Requires State agencies that substantially fail to meet goals to submit remedial action plans to the Chief Diversity Officer, with potential consequences including having procurement authority transferred to another agency.

Mandates good faith effort documentation from agencies, including conducting outreach to minority and women-owned business associations, using certification registries to notify qualified businesses of bid opportunities, and considering contract restructuring to allow underutilized bidders to compete.

Applies subcontracting goals to prime contractors, who must demonstrate good faith efforts to include minority and women-owned businesses as subcontractors on State projects.