Connecticut Senate Bill SB00396

Connecticut 2010 Regular Session

• Introduced: 3/4/10
• Refer: 3/4/10
• Report Pass: 3/18/10
• Refer: 3/26/10
• Report Pass: 4/1/10
• Refer: 4/8/10

Caption

An Act Triggering Certain Economic Development Programs.

Impact

If enacted, SB00396 would modify existing law to increase the number of enterprise zones and specify eligibility criteria that reflect economic hardships faced by communities. The Commissioner of Economic and Community Development would be granted the authority to designate areas that do not meet previous stringent criteria but are in municipalities with economically detrimental events, like plant closures affecting large numbers of employees. This change aims to bolster economic growth in areas most in need and ensure that the support reaches communities experiencing the highest levels of distress.

Summary

SB00396, titled 'An Act Triggering Certain Economic Development Programs,' proposes amendments to existing statutes regarding the designation of enterprise zones within Connecticut. The bill aims to enhance economic support in municipalities facing challenges such as plant closures by allowing the designation of specific areas as enterprise zones. This designation provides incentives for businesses to operate in these locations, thereby encouraging economic revitalization. The bill outlines criteria for municipalities to qualify for such designations based on population and economic factors, particularly those impacted by significant declines in employment due to plant closures.

Sentiment

The overall sentiment regarding SB00396 appears to be supportive among stakeholders concerned with economic development. Proponents argue that by expanding the guidelines for enterprise zone designation, the bill will help communities at risk of economic decline to recover and attract new businesses. However, there may also be concerns about the effectiveness of such zones in generating sustainable employment, with some critics suggesting that merely providing incentives without comprehensive planning may not sufficiently address underlying issues.

Contention

Notable points of contention include the fear that designating too many areas as enterprise zones may dilute the benefits and strain resources meant for genuinely distressed municipalities. There is also the debate on whether the bill adequately addresses the long-term sustainability of economic development—whether it merely offers short-term relief or fosters lasting growth. Balancing municipal interests, especially in more populous areas against those of smaller or distressed towns, remains a focal point of discussion among lawmakers and community advocates.