"Fusion Technology Industry Promotion Act"; establishes program to promote fusion technology industry and attract fusion technology businesses.

This bill establishes a state program to attract fusion technology businesses to New Jersey by creating a "fusion industry development company" funded through public-private partnerships. The New Jersey Economic Development Authority will invest state funds (up to 59% ownership) alongside private investors to support research, provide technical/financial assistance to businesses, and promote New Jersey as a hub for fusion technology. It directly affects fusion technology businesses, research institutions like Princeton Plasma Physics Laboratory, and public/private universities working on fusion projects. The program aims to commercialize fusion energy technology through targeted support and investment recruitment.