Small Business Bill Package Clears Trenton Senate Committee

A package of three bills aimed at helping small businesses passed a Senate committee on Jan. 26 at the State Capitol in Trenton.

Senate Bill 3400, Senate Bill 3204, and Senate Bill 3208 were approved by the Commission by unanimous vote of 5 to 0. The first of his two actions cleared the Senate Economic Growth Committee, the latter being relieved of the Senate Commerce Committee.

Promote partnerships

The first bill, S3400, was sponsored by Senator Andrew Zwicker of District D-16 and Senate Majority Leader Teresa Lewis of District D-29 and provides experience in starting, maintaining and growing new businesses. Establish mentoring programs to help match people with Small and medium-sized enterprises. The bill’s sponsors say they will encourage mentors to share their experiences transitioning to new forms of commerce and offer advice on how to avoid common pitfalls.

“The New Jersey economy, like the global economy, is evolving every day, which means change can come quickly for both new and established businesses.” It aims to share ideas and best practices that will help all small businesses achieve their greatest potential in an ever-changing economic climate.”

Lewis said small businesses are the backbone of the economy here in the Garden State.

“By enhancing our existing mentoring programs through both new and proven strategies, the small business community will continue to grow and remain an important part of our state economy,” said Ruiz. .

Providing routes

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The second bill, sponsored by Zwicker, would allow the New Jersey Business Action Center (BAC) to establish a publicly available small business manual that would be developed and maintained in partnership with the New Jersey Economic Development Authority (NJEDA). request. and Industry Association (NJBIA), the New Jersey Chamber of Commerce, and statewide regional chambers of commerce.

Zwicker said the manual provides information and guidance for starting, maintaining and expanding small businesses here.

“Starting a small business and making it through is tough, especially in the first year,” says Zwicker. “Fortunately, there is a wealth of useful information to help these companies overcome these challenges and grow into profitable businesses.”

extra time

The final bill, S3208, sponsored by Zwicker and Senator Vin Gopal of D-11, allows a “healing period” for businesses to address and resolve certain violations. This law provides state agencies with the discretion to suspend enforcement of fines or civil penalties against businesses for certain first-time violations that do not have a significant 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 room, but it can be a big hurdle for those trying to succeed in these still stressful times,” said Gopal.

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