This bill establishes the New Jersey Wine and Grape Institute, aimed at promoting and researching the state's wine and grape industry, which is deemed significant to New Jersey's agricultural economy. The institute will conduct research, marketing, and educational initiatives to enhance the industry's market position and disseminate information about grape and wine usage. It will consist of seven members appointed by the Governor, with a focus on ensuring representation from various sectors of the industry. The bill also creates the New Jersey Wine and Grape Fund to manage financial resources, including a $500,000 appropriation from the General Fund to support the institute's activities.

The institute is tasked with implementing programs for market development, improving production methods, and enhancing the quality of New Jersey wine and grape products. It will also engage in promotional activities, including advertising campaigns and educational seminars, to raise awareness and support for the industry. Additionally, the bill mandates the institute to submit an annual report detailing its operations and financial activities to the Governor and the Legislature, ensuring transparency and accountability in its efforts to strengthen the state's wine and grape sector.