Bill Text: NJ A4751 | 2022-2023 | Regular Session | Amended
Bill Title: Establishes mentorship program for new businesses and start-ups.
Spectrum: Moderate Partisan Bill (Democrat 22-4)
Status: (Passed) 2023-10-16 - Approved P.L.2023, c.166. [A4751 Detail]
Download: New_Jersey-2022-A4751-Amended.html
Sponsored by:
Assemblywoman GABRIELA M. MOSQUERA
District 4 (Camden and Gloucester)
Assemblywoman SHANIQUE SPEIGHT
District 29 (Essex)
Assemblyman WAYNE P. DEANGELO
District 14 (Mercer and Middlesex)
Co-Sponsored by:
Assemblywoman Carter, Assemblyman Karabinchak, Assemblywoman Reynolds-Jackson, Assemblymen Moriarty, Conaway, Assemblywoman McKnight and Assemblyman Auth
SYNOPSIS
Establishes mentorship program for new businesses and start-ups.
CURRENT VERSION OF TEXT
As reported by the Assembly Community Development and Affairs Committee on December 5, 2022, with amendments.
An Act requiring the New Jersey Business Action Center to establish a mentorship program for new business entities, supplementing Title 52 of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. The Business Action Center established in the Department of State pursuant to Reorganization Plan No. 003-2011 shall establish a mentorship program to match mentor entities with experience in particular areas with newly established entities seeking to learn from those mentor entities. The center shall, as practicable, incorporate the mentorship program into the center's ongoing outreach and assistance efforts.
b. The goal of the program shall be to facilitate the sharing of knowledge to confront common challenges in an evolving economy. The Business Action Center shall encourage participating mentor entities to share with mentee entities, when relevant, the following: those mentor entities' experiences transitioning to a new form of commerce, such as transitioning from brick-and-mortar to online or transitioning to the sale of a product or service that the mentor entity did not previously have experience selling; and suggestions to avoid common pitfalls when transitioning to a new form of commerce.
c. The Business Action Center shall seek the assistance of chambers of commerce and other local organizations to solicit the participation of businesses in the program and to compile a list of mentor and mentee businesses to be matched by the center.
d. The Business Action Center shall establish the terms and conditions by which entities may participate in the program, including requirements for minimum quarterly and in-person meetings between mentor and mentee entities.
2. This act shall take effect 1[120] 2401 days following enactment.
