Establishes the Department of Commerce and Innovation in New Jersey to centralize economic development and innovation efforts.
The Department of Commerce and Innovation Act establishes the Department of Commerce and Innovation as a principal department within the Executive Branch of New Jersey's government. The department aims to centralize and streamline the state's economic development and innovation efforts, which have been spread across various agencies. The bill transfers several agencies, including the New Jersey Economic Development Authority, the Business Action Center, and the New Jersey Commission on Science, Innovation and Technology, to the new department.
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