Requires businesses receiving financial assistance from EDA be prohibited from any gender gap payment practice to their employees.

This bill requires businesses in New Jersey that receive financial aid from the Economic Development Authority to stop paying different wages to men and women for similar work. To comply, these companies must follow new rules and submit written proof to the Authority showing they do not discriminate based on sex when setting pay. The law defines gender discrimination as paying one sex less than the other for jobs requiring similar skill, effort, and responsibility. It applies to various business types, including corporations, partnerships, and non-profits, that receive loans, grants, or tax incentives from the state agency.