The New Jersey Secretary of Commerce Act establishes the Department of Commerce as a principal department within the Executive Branch of the State government. This new department aims to centralize and streamline efforts to support and develop business, industry, and innovation in New Jersey, addressing challenges in retaining and attracting businesses. The act appoints a Secretary of Commerce, who will be the chief executive officer of the department, responsible for overseeing economic development strategies, promoting job creation, and serving as the primary liaison to the business community. The Secretary will be appointed by the Governor with Senate approval and will receive a salary as determined by law.

Additionally, the bill transfers the Business Action Center from the Department of State to the newly established Department of Commerce, ensuring continuity of its functions and duties. The Secretary is tasked with submitting an annual State of Commerce report to the Governor and Legislature, detailing the department's operations and recommendations for improving economic policy. The act also mandates a review of functions and personnel from other departments related to commerce and economic development, allowing for potential transfers to enhance efficiency. The bill includes an appropriation from the General Fund for its implementation and amends existing salary provisions to include the Secretary of Commerce.

Statutes affected:
Introduced: 52:14-15.107