This bill mandates the Chief Diversity Officer in the New Jersey Department of the 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-owned 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 encompass various forms of assistance, including marketing, personnel skill development, project management, technology, and financing. This initiative aims to enhance the capabilities of minority and women-owned businesses, ensuring they have the necessary resources to thrive in the competitive landscape of State contracting.