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CT HB06675
Bill
Status
Introduced
2/14/2023
Primary Sponsor
Commerce Committee
Click for details
AI Summary
- Repeals and replaces section 8-240k of Connecticut general statutes, effective October 1, 2023
- Establishes a community economic development program administered by the Secretary of the Office of Policy and Management to assist low and moderate income individuals (earning not more than state median income) in establishing, maintaining, and expanding businesses
- Program operates in public investment communities, targeted investment communities, and statewide to strengthen neighborhoods through employment creation, tax revenue generation, and prevention of physical deterioration
- Provides three key services: access to credit, facilitation of financing for community development activities, and technical assistance
- Secretary must establish an entity to accomplish the program that may be owned and governed in whole or in part by non-state parties
Legislative Description
An Act Concerning The Community Economic Development Program.
Last Action
File Number 311
3/29/2023
Committee Referrals
Commerce2/14/2023
Full Bill Text
No bill text available