"Invest in New Jersey First Act;" requires preference in awarding certain contracts for critical infrastructure projects.

This bill, the "Invest in New Jersey First Act," requires state agencies and local governments to give preference to New Jersey-based businesses that employ state residents when awarding contracts for critical infrastructure projects (such as roads, water systems, or school buildings) funded by the state. It defines "critical infrastructure" as projects promoted by the state as necessary for economic recovery during downturns. The Department of the Treasury will create rules to identify eligible businesses and set limits on the preference, though the preference won't take effect until these rules are finalized. The bill aims to boost local hiring and economic activity through state-funded infrastructure spending.