"Department of Commerce and Innovation Act"; establishes Department of Commerce and Innovation as principal department in Executive Branch of State government; appropriates $1 million.

This bill would create a new Department of Commerce and Innovation as a central agency within New Jersey's state government to coordinate business, economic development, and innovation efforts. It centralizes functions previously spread across multiple departments (like tourism under the Department of State and business assistance under the Economic Development Authority) into one department led by a commissioner appointed by the Governor. The department aims to streamline business support services, eliminate confusion for businesses navigating state programs, and position New Jersey as a leader in business and innovation. The bill appropriates $1 million for this new department's initial operations.