Establishes sheltered market program for certain business enterprises seeking State contracts.

This bill establishes a "sheltered market program" in New Jersey to prioritize state contracts for specific business categories, including disabled veterans' businesses, minority-owned businesses, women-owned businesses, economically disadvantaged businesses, LGBTQ+-owned businesses, and veteran-owned businesses. It requires the Chief Diversity Officer to set criteria for designating contracts for this program, based on historical underutilization data, and mandates state agencies to publish eligible contracts online before bidding. The program limits contracts to three years (with limited extensions), requires annual performance reports tracking contract numbers and values, and obligates prime contractors to make good-faith efforts to subcontract with qualified businesses. The bill directly affects state agencies awarding contracts and certified businesses meeting the defined criteria.