NJ state treasury to waive certification fee for certain businesses beginning June 1

by PDM STAFF

| Photo via New Jersey Department of Treasury Website

NEW JERSEY – The Department of Treasury is indefinitely waving the $100 filing fee to become certified as a Small, Minority, Woman, or Veteran-owed Business Enterprise (SMWVBE) beginning June 1, state treasurer Elizabeth Maher Muoio has announced.

“We are kicking off national Small Business Week by opening the door wide for small, minority, women, and veteran owned businesses who are looking to do business with the State,” said Treasurer Muoio. “Treasury is continuously striving to find ways to make doing business with the state easier and more intuitive, especially when it comes to businesses looking to get their foot in the door and pursue contracting opportunities with the State.”

In addition, New Jersey business owners are already permitted to register their business for as many certification categories as they are eligible. Businesses can apply for certification in any of these categories through Treasury’s online portal.

Certification as a Small, Minority, Woman, Veteran, or Disabled Veteran-Owned Business Enterprise provides state-backed documentation of a business’ status. It allows businesses to compete in select set-aside or goal-based contracting initiatives offered by State agencies, including the Small Business Enterprise Set-Aside Program, which sets a goal of awarding 25 percent of state contracting and purchase orders to small businesses, and the Disabled Veteran-Owned Set Aside Program, which awards three percent of state contracting and purchase orders to businesses that are owned and operated by service-disabled veterans.

As NJ certified MWBE, both public and private sector organizations and firms have access to your profile for considering solicitations for prime and subcontract opportunities. It allows businesses to compete in select set-aside or goal-based contracting initiatives offered by State agencies, including the Small Business Enterprise Set-Aside Program, which sets a goal of awarding 25 percent of state contracting and purchase orders to small businesses. Also, the Disabled Veteran-Owned Set Aside Program, which awards three percent of state contracting and purchase orders to businesses owned and operated by service-disabled veterans.

Treasury is encouraging businesses and individuals to consult with the business services program offered by the department’s Division of Revenue and Enterprise Services, which includes guidance on how to file and register a new business, annual filing requirements, online certification to become a Small, Minority, Woman, Veteran, or Disabled Veteran-Owned Business Enterprise, Uniform Commercial Code filings, and helpful information and answers if a business is worried about being the target of fraudulent activities or scams.

The program also provides the business community with accurate, credible information about their business status, as well as how to maintain good legal standing with the State and avoid unnecessary fees, filings, and suspicious actors.

Treasury’s numerous divisions, including DORES and Taxation, work in tandem with multiple state agencies in offering numerous assistance tools and funding programs to support New Jersey’s business community, including the Department of Labor and Workforce Development, the NJ Business Action Center operated by the Department of State, and the NJ Economic Development Authority.

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