The first NJFBLA chapter was chartered on October 16, 1947, at Pennington (now Hopewell Valley Central) High School; it is chapter #112.
The first significant stride toward the formation of the state chapter was taken on November 11, 1960, in Atlantic City when a group of local chapter advisers met with Mr. Hollis Guy, Executive Director of FBLA and the United Business Education Association. A full-scale organizational meeting followed on December 1, 1960. Dr. Louis C. Nanassy, Professor of Business at Montclair State College (known today as Montclair State University), served as the first state chairman. Application was made for the state chapter charter; and it was granted by the national office on May 1, 1960, as State Chapter #27.
The first FBLA state convention was held at Montclair State College on May 13, 1961. It was attended by 180 students and advisers from 13 of the 23 active chapters. Dr. Hamden L. Forkner, Professor Emeritus of Teachers College of Columbia University and founder of FBLA, delivered the main address. Mr. Hollis Guy also attended. Competitive events were conducted; state officers were elected for 1961-62; the constitution was ratified; and awards were presented.
The FBLA-PBL state office was located at Montclair State College until 1967. From 1967 to 1994, the organizational structure for New Jersey Future Business Leaders of America-Phi Beta Lambda had been managed by the New Jersey Department of Education as an in-house operation or through funded projects at Rider College. The state association was located in the New Jersey Department of Education with Ms. Mary Lynn Fracaroli, an education program development specialist, serving as FBLA-PBL State Chairman. Due to the Department of Education divesting all student vocational organizations, a grant was awarded to Mercer County Community College to manage New Jersey FBLA-PBL from July 1, 1995, to June 30, 1996. Ms. Ellen A. Benowitz was appointed the State Chairman, with Mrs. Phyllis Halperin as Education Specialist. The grant has been renewed each year thereafter to date. Mr. Jonathan Rowe was later appointed as State Chairman in December 2012 following Ms. Benowitz’s retirement.