Establishes Office of Economic Development Inspector General in EDA.

New Jersey Assembly Bill A-2578 creates an independent Office of the Economic Development Inspector General (EDIG) within the New Jersey Economic Development Authority (EDA). The EDIG will investigate fraud, waste, or abuse in the EDA’s economic development incentive programs, which provide financial benefits like tax credits, grants, and loans to businesses and developers to stimulate local economic growth. The Inspector General, appointed by the Governor, has authority to subpoena documents, interview staff, and recommend disciplinary actions, while reporting annually to the Governor, Legislature, and Attorney General. This oversight office operates separately from EDA leadership to ensure accountability in how state incentive funds are distributed and managed.