This bill mandates the Chief Diversity Officer in the New Jersey Department of Treasury to collaborate with the Business Action Center and the New Jersey Economic Development Authority to conduct regular outreach events, training workshops, seminars, and educational programs aimed at promoting awareness and utilization of certified minority and women-owned businesses in State contracting and subcontracting. These events will be held both virtually and in-person at community locations deemed suitable by the Chief Diversity Officer, which may include non-profit organizations and faith-based entities.

Furthermore, the bill emphasizes the importance of providing technical, managerial, and financial training to these certified business enterprises. The training will cover various areas, including marketing assistance, personnel skill development, project management, technology assistance, and financing assistance, ensuring that minority and women-owned businesses have the necessary resources to thrive in the competitive landscape of State contracting.