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

This bill establishes a "sheltered market program" in New Jersey that designates certain state contracts for certified minority, women's, disabled veterans', LGBTQ+-owned, veteran-owned, small, economically disadvantaged, and socially disadvantaged businesses. It requires state agencies to publish eligible contracts online, conduct outreach to these certified businesses, and report annually on contract awards and program performance. The program mandates that prime contractors make good-faith efforts to subcontract with qualified businesses and limits contracts to three years. It directly affects state agencies awarding contracts and certified businesses seeking state work, with oversight by the Department of the Treasury's Chief Diversity Officer.