Gov. Murphy signs bipartisan legislation codifying state certification program for LGBTQ+-owned businesses
NEW JERSEY – Governor Phil Murphy Wednesday signed bipartisan legislation codifying the program he established through Executive Order No. 295 (2022) that directed the New Jersey Department of the Treasury to establish a certification for LGBTQ+-Owned Businesses.
Business certifications support underrepresented groups in gaining access to certain contracting opportunities and government programs.
Signed by the Governor in May of 2022 alongside the Pride Chamber of Commerce, Executive Order No. 295 underscored that LGBTQ+ businesses are a crucial part of the state’s economic health and growth and are encouraged to conduct business in New Jersey. Through today’s legislation, the program will continue beyond the Murphy Administration, benefitting generations to come.
“New Jersey is proud to celebrate our LGBTQ+ community year-round, but it is particularly special to sign this law into effect just a few weeks ahead of PRIDE month,” Murphy said. “LGBTQ+ business owners are critical to the Garden State and our economy, and I am honored to support endeavors that uplift underrepresented communities and embrace authenticity. By codifying this certification program in statute, we ensure that the opportunity to proudly identify as an LGBTQ+-owned business will last for many years to come.”
Certification, which is free of charge, expands access to contracting opportunities and enables businesses to proudly identify as LGBTQ+-owned in their advertising. The LGBTQ+-owned business certifications are overseen by the New Jersey Division of Revenue and Enterprise Services. Eligibility for certification requires that the business be at least 51% LGBTQ+ owned and controlled. Certification is valid for five years, at which point the business must reapply for certification ahead of the expiration date.
As of today, the Department of the Treasury has certified 141 LBGTQ+ businesses across New Jersey.
“Dozens of businesses have become certified as an LGBTQ-owned enterprise since the launch of the program one year ago,” said State Treasurer Elizabeth Maher Muoio. “Treasury is proud to play a role in elevating LGBTQ-owned businesses, as well as small, minority, women, and veteran-owned enterprises that help make up the backbone of our economy. I’d like to thank the dedicated staff of our Division of Revenue and Enterprise Services for their hard work behind the scenes to launch this program and help New Jersey businesses grow and thrive.”
Certification programs are also in place for small, minority-owned, women-owned, veteran-owned, and disabled-veteran-owned businesses. Enshrining this program aligns with Governor Murphy’s longstanding efforts to boost local economies, promote equal opportunity, and provide supports and protections to New Jersey’s vast LGBTQ+ community.
“Today is a historic day for our LGBTQ+ community who will be recognized in New Jersey,” said Gus Penaranda, Executive Director of the NJ Pride Chamber of Commerce. “As the first state to codify the certification process for LGBTQ+ certifications. In times where our community is constantly silenced and attacked, this sends a clear message to all businesses looking to invest in New Jersey that we are a welcoming state. This wouldn’t have been possible with the leadership of Senators Pou and Ruiz, and Assemblymembers Wimberly, Stanley, Guardian, and Peterpaul for their leadership. Thank you as well to Governor Murphy, Treasurer Muoio, and their teams for working collaboratively with us to ensure this became law and to further protect LGBTQIA+ business owners. We thank him for signing Executive Order 295 back in 2022, laying the groundwork for a more inclusive and equitable business environment that acknowledges and values the contributions of the LGBTQIA+ community.”
