This bill mandates the New Jersey Economic Development Authority (EDA) to establish a needs-matching website for eligible entities engaged in specific industries, including advanced computing, biotechnology, and renewable energy technology. The website will allow these entities to advertise their needs for physical locations, equipment, labor, and other supplies related to innovation projects, facilitating connections with suppliers who can meet those needs. The EDA is tasked with collaborating with various stakeholders to develop this platform, which will also enable eligible entities to communicate with suppliers to arrange necessary agreements.

Additionally, the EDA is required to maintain a list of public and private funding sources, including State and federal grant programs, that may be suitable for eligible entities. The bill emphasizes the importance of considering the unique needs of these entities during the website's design and implementation, and it stipulates that the EDA will adopt necessary rules and regulations to ensure the effective operation of the website. The act is set to take effect immediately upon passage.