The Department of the Treasury recently proposed updated rules governing how businesses can be designated as Minority or Women Owned Businesses (MWBE) by the State of New Jersey.
The Department seeks public input on these proposed rules, which seek to clarify eligibility requirements & procedures for certification; establish reciprocity with other certifications entities, including other state and the federal Disadvantaged Business Enterprise (DBE) certification; and creates processes for challenging a denial as well as an individual application submitted.
The 60-day public comment window ends on October 16, 2020. Individuals wishing to comment are encouraged to submit comments electronically; via email to: Jennifer.maloney@treas.nj.gov; or via mail to: Jennifer Keyes-Maloney, Assistant Treasurer, 225 West State Street, Trenton, NJ 08625-0295.