Establishes position of Minority Depository Institution Coordinator in EDA.

This bill establishes a new Minority Depository Institution Coordinator position within New Jersey's Economic Development Authority (EDA). The role will work to identify and reduce administrative barriers preventing minority-owned community banks (defined as institutions owned by minorities or serving minority communities) from accessing EDA loan and bonding programs. The coordinator must collaborate with the EDA board and the state's Chief Diversity Officer, and the EDA must submit a 120-day report to the legislature detailing actions taken to improve access. The bill does not change loan terms but focuses on streamlining participation for eligible minority financial institutions.