New Jersey Senate Bill S3702

New Jersey 2022-2023 Regular Session

• Introduced: 3/6/23
• Refer: 3/6/23

Caption

Creates State contract set-aside program for businesses owned and operated by persons with disabilities.

Impact

The implementation of S3702 would significantly reshape how state contracts are awarded, aiming to foster a more inclusive economic environment. By ensuring a required set-aside percentage for disability-owned enterprises, the bill seeks to address historical barriers faced by disabled individuals in business. The Department of the Treasury is tasked with overseeing the program, which includes establishing verifiable standards for compliance and developing regulations to facilitate the program's execution. Furthermore, this initiative aligns with broader legislative goals of enhancing diversity within state contracting practices.

Summary

Senate Bill S3702, referred to as the Set-Aside Act for Disability-Owned Business Enterprises, introduces a new state contract set-aside program aimed at increasing opportunities for businesses owned and operated by persons with disabilities. The bill mandates that at least three percent of all contracts awarded by state contracting agencies be set aside for disability-owned businesses, which are defined as enterprises that are at least 51% owned and controlled by individuals with disabilities. This program aims to complement existing state set-aside initiatives and promote economic inclusion within the state.

Contention

Discussion surrounding S3702 may revolve around its potential impact on the competitive bidding process for state contracts. Critics could argue that setting aside a specific percentage of contracts for disability-owned businesses might limit opportunities for other small businesses, regardless of their ownership structure. Supporters, however, emphasize that this bill addresses long-overdue inequalities and provides a framework for economically empowering individuals with disabilities. The balance between promoting disability inclusion and ensuring fair competition is likely to be a focal point in legislative debates.