The bill establishes the New Jersey Workforce Industry Needs Scholarship, aimed at providing financial support to students pursuing professional certificates, industry-recognized credentials, diplomas, or degrees from eligible programs at county colleges or vocational schools in New Jersey. The Secretary of Higher Education, in collaboration with various state departments and organizations, will create a list of eligible programs that align with the labor needs identified in the Labor Demand Occupation List. These programs will cover high-demand fields such as advanced manufacturing, health care, education, and more.

The scholarship will cover tuition, fees, and related expenses, capped at $5,000 per year, with eligibility extending up to three years for associate degree students and two years for other programs. To qualify, students must be New Jersey residents, enrolled in an eligible program, and either employed or taking a financial literacy course. Scholarships will be awarded annually based on available funds, with priority given to students in high-need areas and a minimum of five percent reserved for dual-enrollment students. The Secretary will also provide an annual report detailing scholarship distribution and outcomes.