S2772 —

S2772 SEG1R Statement[First 9/17/20Reprint] SENATE ECONOMIC GROWTH COMMITTEE   STATEMENT TO   SENATE, No.

 2772 withSTATE committeeOF amendmentsNEW JERSEY 219th LEGISLATURE   STATEINTRODUCED OFAUGUST NEW3, JERSEY2020   DATED:  Sponsored by:

 SEPTEMBERSenator  17,TROY 2020SINGLETON  District      7 The(Burlington) Senate  EconomicCo-Sponsored Growthby: Committee reports favorably and with committee amendments Senate Bill No.

2772.Senators Scutari and Pou         SYNOPSIS      Establishes “Biannual Small Business Matchmaker Initiative” in Department of State.

       AsCURRENT amendedVERSION andOF reported,TEXT this     billAs requiresreported theby Business Action Center (BAC) established in the NewSenate Jersey Department of State, in consultation with the New Jersey Economic DevelopmentGrowth AuthorityCommittee andon theSeptember Chief17, Diversity2020, Officer, to establish and maintain a program, to be known as the “Biannual Business Matchmaker Initiative” (matchmaker initiative), where the BAC is to host a biannual business matchmaking event (matchmaking event) with theamendments. purpose of connecting eligible small businesses with representatives of federal, State, and local government agencies and their government contractors seeking small businesses that would provide the government contractor with subcontracting services.  Each matchmaking event is to be organized or structured with the goal and in a manner that ensures small businesses participating in the matchmaker initiative are informed of the government subcontracting service opportunities available to small businesses at a matchmaking event and that government contractors realize the potential of partnering with small businesses for subcontracting services.  Prior to planning or scheduling a matchmaking event, the BAC is to contact State and federal agencies to request those agencies to send to the BAC any small business contact information list which is to be used by the BAC to solicit small businesses for participation in the matchmaker initiative.

The   BACAn isAct toconcerning establishcertain thebusiness termsmatchmaking andevents conditions by which a small business and governmentsupplementing contractorTitle may52 applyof for participation in the matchmakerRevised initiative.Statutes.

       The     billBe authorizesIt theEnacted BACby tothe seekSenate and acceptGeneral gifts,Assembly grants,of or donations from private or public sources for the costsState of hostingNew aJersey: matchmaking event.

The  BAC     may1.    enterAs intoused an agreement with a nonprofit corporation, whose mission is to stimulate job creation within and attract capital investment to New Jersey, to allow the nonprofit corporation to host a matchmaking event.  The bill requires the BAC to coordinate the scheduling and promotion of each matchmaking event in conjunctionP.L.    with, thec.    African(C.        American) Chamber(pending ofbefore Commerce of New Jersey, the StatewideLegislature Hispanicas Chamberthis ofbill): Commerce of New Jersey, the New Jersey Association of Women Business Owners, the New Jersey State Veterans Chamber of Commerce, the New Jersey Chamber of Commerce, and the National Federation of Independent Business in New Jersey.

          The“Authority” billmeans requires the BAC,New inJersey partnershipEconomic withDevelopment theAuthority Chiefestablished Diversitypursuant Officer, to reportsection annually4 to the Governor and the Legislature on the number of subcontractsP.L.1974, awardedc.80 to(C.34:1B-4). and the types of government contracting services provided by participating small businesses as a result of the implementation of the matchmaker initiative and the percentage of the total number of subcontracts awarded to those participating small businesses.

          The“Business committeeAction amendedCenter” theor bill“center” tomeans add the NewBusiness JerseyAction ChamberCenter ofestablished Commercein to the listNew Jersey Department of organizationsState involvedpursuant into aReorganization matchmakingPlan event.No.

003-2011.

     “Chief Diversity Officer” means the position established in the Division of Purchase and Property in the New Jersey Department of the Treasury pursuant to section 1 of P.L.2017, c.95 (C.52:32-18.1).

     “Matchmaker initiative” means the “Biannual Business Matchmaker Initiative” established pursuant to section 2 of P.L.    , c.    (C.        ) (pending before the Legislature as this bill).

     “Matchmaking event” means a biannual small business matchmaking event established pursuant to section 2 of P.L.    , c.    (C.        ) (pending before the Legislature as this bill).

     “Nonprofit corporation” means a private, not-for-profit corporation, determined by the federal Internal Revenue Service to be a tax exempt organization pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C.

s.501(c)(3), whose mission is to stimulate job creation within and attract capital investment to New Jersey.

     “Small business” means a business engaged in the conduct of a trade or business in this State that qualifies as a “small business concern” within the meaning of the federal "Small Business Act," Pub.L.85-536 (15 U.S.C.

s.631 et seq.) for the purpose of the small business’s eligibility for receiving assistance from the United States Small Business Administration.

“Small business” shall include, but not be limited to, a small business established and operating in this State that is certified, pursuant to federal law, under the United States Small Business Administration’s 8(a) Business Development program or the HUBZone program, or as a small disadvantaged business, or as a business concern by the United States Department of Housing and Urban Development pursuant to section 3 of the Housing and Urban Development Act of 1968 (12 U.S.C.

s.1701u).

       2.    a.

The Business Action Center, in consultation with the authority and the Chief Diversity Officer, shall establish and maintain a program, to be known as the “Biannual Business Matchmaker Initiative,” where the center shall host a biannual business matchmaking event with the purpose of connecting small businesses with representatives of federal, State, and local government agencies and their government contractors seeking small businesses that would provide the government contractor with subcontracting services.  Each matchmaking event shall be organized or structured with the goal and in a manner that ensures small businesses participating in the matchmaker initiative are informed of the government subcontracting service opportunities available to small businesses at matchmaking events and that government contractors realize the potential of partnering with small businesses for subcontracting services.  The center shall establish the terms and conditions by which a small business and government contractor may apply for participation in the matchmaker initiative.  Prior to planning or scheduling a matchmaking event, the center shall contact State and federal agencies to request those agencies to send to the center any small business contact information list which shall be used by the center to solicit small businesses for participation in the matchmaker initiative.

     b.    The center is authorized to seek and accept gifts, grants, or donations from private or public sources for the costs of hosting a matchmaking event, except that the center may not accept a gift, grant, or donation that is subject to conditions that are inconsistent with any other law of this State.  The center may enter into an agreement with a nonprofit corporation to allow the nonprofit corporation to host a matchmaking event.  The center shall coordinate the scheduling and promotion of each matchmaking event in conjunction with the African American Chamber of Commerce of New Jersey, the Statewide Hispanic Chamber of Commerce of New Jersey, the New Jersey Association of Women Business Owners, the New Jersey State Veterans Chamber of Commerce, 1the New Jersey Chamber of Commerce,1 and the National Federation of Independent Business in New Jersey.

     c.     The center, in partnership with the Chief Diversity Officer, shall report annually to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature on the number of subcontracts awarded to and the types of government contracting services provided by participating small businesses as a result of the implementation of the matchmaker initiative and the percentage of the total number of subcontracts awarded to those participating small businesses.

       3.    This act shall take effect immediately.