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CT SB00737

Bill

Status

Engrossed

5/12/2011

Primary Sponsor

Eric Coleman

Click for details

Origin

Senate

2011 General Assembly

AI Summary

  • Defines "small business" as an independently owned entity with fewer than 50 full-time employees or gross annual sales under $5 million
  • Defines "targeted investment community" as any municipality containing an enterprise zone designated under Connecticut General Statutes section 32-70
  • Requires the Commissioner of Economic and Community Development to study methods for encouraging small business growth in targeted investment communities
  • Study must examine feasibility of offering financial incentives to small businesses that hire residents of targeted investment communities and developing an entrepreneurial training program
  • Takes effect October 1, 2011

Legislative Description

An Act Concerning Community Economic Development.

Last Action

House Calendar Number 511

5/13/2011

Committee Referrals

Commerce4/21/2011
Planning and Development1/24/2011

Full Bill Text

No bill text available