Creates the NC Jobs and Commerce Corporation (NCJCC) to replace existing economic development entities in other state agencies effective July 1, 2012. Creates the NCJCC Task Force to study the transfer of duties and functions from those existing entities to the NCJCC. Details appointment process for NCJCC Board of Directors and the NCJCC Task Force. Directs NCJCC Task Force to evaluate the effectiveness of NC’s current economic development incentives, to identify duplication among existing incentive programs, to develop a plan to eliminate redundant economic development entities, to recommend guidance and oversight protocols for the NCJCC, to establish metrics to provide data that quantifies the impact of retained economic incentives, and to study and recommend emerging growth areas that are appropriate targets for future incentives. Requires NCJCC Task Force to report to the 2012 Regular Session of the 2011 General Assembly. Mandates Legislative Services Commission to allocate funds for the expenses of the NCJCC Task Force. Effective July 1, 2011.