This bill establishes the New Jersey Wine and Grape Institute, aimed at promoting and researching the state's wine and grape industry, which is recognized as a significant component of New Jersey's agricultural sector. The institute will conduct research, marketing, and educational initiatives to enhance the industry's market presence both locally and nationally. It will consist of seven members appointed by the Governor, with a focus on ensuring representation from various sectors of the wine and grape industry. The bill also creates the New Jersey Wine and Grape Fund, which will receive an appropriation of $500,000 from the General Fund to support the institute's activities.

The institute is tasked with implementing programs that include market development, improving production methods, and enhancing the quality of New Jersey wine and grape products. It will also engage in promotional activities to raise awareness and expand market reach. The bill mandates that the institute submit an annual report detailing its operations and financial activities to the Governor and the Legislature. Overall, the legislation aims to strengthen the New Jersey wine and grape industry through coordinated efforts in research, marketing, and education, supported by state funding and potential private partnerships.