Establishes the "Urban Wealth Fund Pilot Program."

S 2804 establishes a 5-year pilot program allowing New Jersey state entities and designated "pilot municipalities" to identify underused public assets (like properties or infrastructure) that could generate more revenue. The New Jersey Economic Development Authority will help select these assets, contract with private firms to professionally manage them for higher returns, and share the increased revenue with participating entities. Funds must be used for specific community purposes: supporting minority-owned businesses, improving infrastructure, investing in education, or reducing property taxes. The program is temporary, ending after five years when management reverts to the original owner, and requires a final report to the Governor and Legislature.