We applaud the legislature for introducing legislation to address the alarming findings in the disparity study, which recognized the need for more equity in government contracting for Minority and Women-Owned (MWBE) businesses.
The imbalances outlined in the study have long been articulated by those affected – and is the focus of one of the Chamber’s economic priorities that calls for equal opportunities for MWBEs when it comes to securing not only public but also private sector contracts. Increasing supplier diversity spending with MWBEs has economic and social benefits for all by enhancing competition, encouraging innovation, increasing job creation and supporting communities. Solving for this inequity in a timely manner is what is best for New Jersey and its residents.
While there are some bills in the introduced legislative package that we support today, we are reviewing and assessing other bills that might impact our membership due to proposed specific changes to state contracting.
We believe there also needs to be ongoing constructive dialogues and collaborations between the Administration and our business community colleagues to develop additional solutions that remedy the inequities that exist.
—Thomas Bracken, President & CEO, New Jersey Chamber of Commerce