- July 14, 2021
- Posted by: Stratford Team
- Category: Business
Pennacchio Highlights Success of Law to Help Small & Minority-Owned Business Compete
Senator’s Bill Created Small Business Bonding Readiness Assistance Program
Senator Joe Pennacchio said he was proud of a 2017 law he sponsored in close coordination with the African American Chamber of Commerce of New Jersey (AACCNJ) that has helped small businesses owned by women and minorities to succeed in New Jersey.
Pennacchio’s legislation (S-123) creating the Small Business Bonding Readiness Assistance Program was signed into law by former Governor Chris Christie at an event at the AACCNJ headquarters in Trenton on January 4, 2017.
“This program was the result of a successful bipartisan effort that we led in close coordination with the AACCNJ,” said Pennacchio (R-26). “Our goal was to help small and minority-owned businesses cut through bureaucratic red tape and provide support to help them meeting surety bonding requirements to bid on…