small business
October 16, 2023
Acting Governor Tahesha Way today signed two bills to promote growth and economic opportunity for New Jersey's small businesses. The first bill (A3424/S1447) would allow the New Jersey Department of the Treasury to partner with the New Jersey Business Action Center (BAC) to host an “Annual Business Matching Event” to connect small businesses with federal, state, and local governments. We sought. Agencies and Contractors. The second bill (A4751/S3400) would authorize BAC to establish a mentorship program to match entities with experience in a particular field with new or inexperienced entities that would like to learn from a mentor. It is mandatory. Together, these two bills advance BAC's mission and success with a focus on growing minority-, women-, and veteran-owned businesses.
“Since the beginning of the Murphy Administration, we have focused on supporting the small businesses and aspiring entrepreneurs who not only grow our economy, but also make it more diverse, inclusive and dynamic than ever before. ,” the representative said. Governor Way. “As Secretary of State, I have witnessed firsthand BAC’s determined efforts and tremendous impact, which will only increase as a result of this package of legislation. , BAC continues to work with the Department of the Treasury and chambers of commerce across the state to help ensure that all New Jerseyans, including minorities, women, and veteran business owners, are best positioned to grow. Enjoy the benefits of the economy to the fullest.”
“Small businesses are the backbone of New Jersey's economy, and our goal is to help them grow and prosper,” said New Jersey State Treasurer Elizabeth Maher Muoio. “Since the beginning of the Murphy Government, Treasury has been working to improve access to contracting opportunities available to small businesses, and we are committed to ensuring business owners are aware of that. We celebrate the opportunity to conduct our next business matchmaking event at all levels of government. ”
“Small businesses help drive our economy here in New Jersey,” said Senate President Nick Scutari. “They create jobs and promote economic growth in communities across the state. These new laws will increase economic opportunity for all, including small businesses owned and operated by veterans, women, and minorities. It’s part of our commitment to expand.”
“Small businesses are the backbone of our economy, so this Congress has prioritized small businesses,” said Assembly Speaker Craig J. Coughlin. “These bills will streamline support programs and remove barriers to entry for entrepreneurs. They will benefit all New Jersey communities. In conjunction with the rest of the small business resiliency package, We are providing more resources to help businesses grow and create jobs in every corner of our state.”
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