The bill establishes the New Jersey Wine and Grape Institute within the Department of Agriculture, aimed at promoting and researching the state's wine and grape industry. It recognizes the industry's significance to New Jersey's agricultural economy and seeks to enhance its market presence through various initiatives, including research, marketing, and education. The institute will consist of seven members appointed by the Governor, with specific representation from different sectors of the wine and grape industry. It is tasked with implementing programs to improve production methods, expand market reach, and enhance the overall quality of New Jersey wine and grape products.

To support the institute's activities, the bill appropriates $500,000 from the General Fund to the newly established New Jersey Wine and Grape Fund, which will finance research, marketing, and educational initiatives. The institute is also required to submit an annual report detailing its operations and financial activities to the Governor and the Legislature. This structured approach aims to centralize efforts in promoting New Jersey's wine and grape industry, ensuring that it remains competitive in local, domestic, and national markets.