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 initiatives are intended to enhance access for these businesses and ensure they benefit from various forms of training, including technical, managerial, and financial support.

Furthermore, the bill specifies that these outreach and training activities should be held at community locations deemed appropriate by the Chief Diversity Officer, which may include venues provided by non-profit organizations or faith-based entities. The overall goal of the legislation is to foster a more inclusive environment for minority and women-owned businesses within the state's contracting framework, thereby enhancing their opportunities for participation and success.