Trenton – The bill, sponsored by Senator Andrew Zwicker and Senate Majority Leader Teresa Lewis, which establishes mentoring programs for new businesses and start-ups, cleared the Senate Economic Growth Committee. The legislation, one of three bills passed by the commission on Thursday, aims to help small businesses and other businesses in the state that may still be struggling in uncertain economic times. It was said.
Under the mentorship bill, S-3400the Department of State’s New Jersey Business Action Center (BAC) establishes mentorship programs to match those just starting out with those with experience sustaining and growing small businesses.
“New Jersey’s economy, like the global economy, is evolving every day, which means change can come quickly for both new and established businesses. aims to share ideas and best practices to help all small businesses realize their greatest potential in an ever-changing economic climate,” said Senator Zwicker (D-Middlesex/Mercer / Somerset / Hunterdon).
The law requires mentor entities to share their experiences of transitioning to new forms of commerce, such as moving from physical stores to online, or to selling products or services that the mentor entity has not previously sold. Encourage Suggestions for avoiding common pitfalls.
“Small businesses are the backbone of our economy, especially here in New Jersey, where there are over 861,000 businesses,” said Senator Lewis (D-Essex).
second invoice, S-3204Also sponsored by Senator Zwicker and passed by the Senate Economic Growth Committee, the New Jersey Business Action Center (BAC) is required to produce a publicly available small business manual.
Developed and maintained in partnership with the New Jersey Department of Economic Development, the New Jersey Chamber of Commerce, the New Jersey Chamber of Commerce, and statewide regional chambers of commerce, this manual is designed to help small businesses.
“Starting a small business and making it through is tough, especially in the first year. We have a lot of information,” said Senator Zwicker.
third invoice, S-3208It is sponsored by Senators Vin Gopal and Senators Zwicker.
The bill, introduced by the Senate Commerce Committee, gives state agencies discretion to suspend enforcement of administrative or civil penalties against businesses for certain first-time violations that do not result in or result in a significant adverse effect. Impact on public safety or welfare.
“With recession-like uncertainties continuing to plague so many businesses in post-pandemic New Jersey, this law provides a breather to find remedies for violations not deemed serious. It gives you room, but it could be a big hurdle for those trying to thrive in these still stressful times,” said Senator Gopal (Democrat Monmouth).
The bill was released from the committee by a 5-0, 5-0, 5-0 vote.