The New Jersey Economic Development Authority (NJEDA) has issued a Request for Proposal (RFP) to solicit firms interested in assisting business owners and employees in developing Employee Stock Ownership Plans (ESOP) through the NJEDA’s ESOP Assistance Program. The deadline to submit questions is 2:00 p.m. on September 13, 2024, with responses due by 2:00 p.m. on October 1, 2024.
"The intent of this RFP is to award contracts to up to five firms that will assist New Jersey business owners in developing ESOPs for employees of their respective companies," stated an NJEDA spokesperson. The proposed contract term will be one year, with an extension option of up to one year.
Qualified firms with relevant experience are encouraged to respond. All questions must be submitted in writing no later than 2:00 p.m. on September 13, 2024, via email to EDAProcurementQA@njeda.gov with the subject line "QUESTIONS-2024-RFP-220–EMPLOYEE STOCK OWNERSHIP PLAN ASSISTANCE PROGRAM." Answers will be publicly posted on the NJEDA’s website.
All RFP responses must be uploaded to the Authority’s ShareFile system by 2:00 p.m. on October 1, 2024. The email subject line should state "(Proposer’s Company Name) – Bid Submission-2024-RFP-220 EMPLOYEE STOCK OWNERSHIP PLAN ASSISTANCE PROGRAM" along with the file/document title.
