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 employees of different genders different rates for similar work. To comply, these companies must follow new rules and submit written proof to the Authority verifying they do not discriminate based on sex in their pay or benefits. The law specifically defines gender discrimination as paying one gender 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 accept loans, grants, or tax incentives from the state agency.