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Acting Governor Way Signs Pair of Bills to Support Small Businesses and Expand Economic Opportunity

October 16, 2023 | nj.gov



Credit: Official Photo Www.Nj.Gov/State/

Acting Governor Tahesha Way today (10/16) signed two bills that build upon the Murphy Administration’s all-of-government approach to promoting the growth of small businesses and economic opportunity in New Jersey. The first bill (A3424/S1447) requires the New Jersey Department of Treasury, in partnership with the New Jersey Business Action Center (BAC), to host an “Annual Business Matchmaking Event” to connect small businesses with federal, state, and local government agencies and contractors. The second bill (A4751/S3400) requires the BAC to establish a mentorship program to match business entities with experience in particular areas with new or less experienced businesses seeking to learn from a mentor. Together, the pair of bills advance the mission and success of the BAC, with a crucial focus on the growth of minority-, women-, and veteran-owned businesses. Read More: Click Here NJ SEED: Small business remains the backbone of the economy. Successful small businesses frequently grown into big businesses. Programs designed to enable and enhance small business is generally good for the overall economy.

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