New Jersey Expands Business Certification to Include LGBTQ+ Owned Enterprises
TRENTON, NJ – New legislation has been introduced, authorizing the New Jersey Department of the Treasury to extend certification to businesses owned by LGBTQ+ individuals, paralleling existing certifications for minority and women-owned businesses. This initiative, originally established by Governor Murphy’s Executive Order No. 295 in 2022, has now been codified into law. The measure aims to foster inclusivity and promote the economic participation of LGBTQ+ residents within the state’s economy.
New Jersey recognizes the significant role that LGBTQ+ owned businesses play in the state’s economic, civic, and social spheres. By formalizing the certification process, the state underscores its commitment to diversity and inclusivity in the business community. This certification allows LGBTQ+ owned businesses to gain recognition and support, aiding in their growth and success. The bill, prepared for introduction in the 2024-2025 session, includes adjustments from a technical review to ensure its effective implementation.