Connecticut Senate Bill SB00470

Connecticut 2010 Regular Session

• Introduced: 3/12/10
• Refer: 3/12/10
• Report Pass: 3/22/10
• Refer: 4/5/10
• Report Pass: 4/12/10
• Refer: 4/21/10
• Report Pass: 4/26/10
• Refer: 4/29/10
• Report Pass: 4/30/10

Caption

An Act Concerning The Department Of Economic And Community Development And Eligible Business Facilities.

Impact

The bill represents a significant change in how the state interacts with businesses wishing to qualify for economic development services. By allowing direct issuance of eligibility certificates, the bill may expedite the approval process for businesses, thus encouraging investment and development in underserved areas. Additionally, the legislation targets specific parameters to define what constitutes an eligible business facility, aiming to enhance clarity and efficiency in application procedures.

Summary

SB00470, known as An Act Concerning the Department of Economic and Community Development and Eligible Business Facilities, aims to streamline processes for businesses seeking eligibility under state economic development programs. The bill empowers the Commissioner of Economic and Community Development to issue certificates that designate businesses as 'eligible business facilities.' This move is intended to facilitate access to various state incentives designed to support economic growth and community development.

Sentiment

The sentiment surrounding SB00470 has been generally positive among business groups and economic development advocates. Supporters argue that the bill will help reduce bureaucratic delays, ultimately leading to increased investment and job creation in the state. Conversely, some skepticism has been expressed concerning the potential for misuse or lack of accountability in the eligibility certification process, indicating a call for oversight to ensure that the incentives achieve their intended outcomes.

Contention

Notable points of contention include concerns about how eligibility criteria will be established and the extent of discretion given to the Commissioner in issuing certification. Critics worry that without sufficient oversight, there might be inconsistencies in how eligibility is determined, potentially favoring certain businesses over others. The debate underscores the balance between facilitating business opportunities and maintaining equitable access to state resources.