CT
Connecticut Senate Bill SB00626

Connecticut 2011 Regular Session

Connecticut Senate Bill SB00626

Introduced
1/24/11  
Introduced
1/24/11  
Refer
1/24/11  

Caption

An Act Designating South Stratford As An Enterprise Zone.

Impact

The approval of SB00626 would result in alterations to existing state laws, particularly those concerning economic development and zoning regulations. The bill proposes to amend section 32-70 of the general statutes, granting the Commissioner of Economic and Community Development the authority to designate South Stratford as an enterprise zone. Such a designation typically implies that businesses within the area could benefit from various financial incentives, including tax breaks or grants tailored towards promoting investment and growth. Advocates believe this initiative will lead to significant progress in revitalizing South Stratford and improving the overall economic landscape of the region.

Summary

SB00626 is a legislative proposal aimed at designating South Stratford as an enterprise zone. This designation is intended to foster economic growth within the community by providing certain tax incentives and regulatory advantages to businesses operating in the area. By officially recognizing South Stratford as an enterprise zone, the bill seeks to attract new businesses and encourage existing ones to expand, thereby enhancing local job creation and economic vitality. This move aligns with broader state efforts to stimulate economic development in designated areas across Connecticut.

Contention

While there is optimism surrounding SB00626, debates may arise regarding the allocation of state resources and the effectiveness of enterprise zones as a strategy for economic development. Some stakeholders may argue that the long-term benefits of such designations are uncertain, questioning whether they actually lead to sustainable growth or simply shift business activity from one area to another. Additionally, concerns over potential disparities in benefits among local businesses and the effect on existing regulations may also be points of contention in legislative discussions surrounding the bill.

Companion Bills

No companion bills found.

Previously Filed As

CT HJ00126

Resolution Granting The Claims Commissioner An Extension Of Time To Dispose Of The Claim Of 1621 Stratford Avenue, Llc.

CT SB00501

An Act Concerning Motor Vehicle Assessments For Property Taxation, Innovation Banks, The Interest On Certain Tax Underpayments, The Assessment On Insurers, School Building Projects, The South Central Connecticut Regional Water Authority Charter And Certain State Historic Preservation Officer Procedures.

CT HB05409

An Act Designating Various Days, Weeks And Months.

CT HB05092

An Act Authorizing Bonds Of The State For A Grant-in-aid To South Central Chiefs Of Police Association, Inc. For The Purchase Of Certain Tracking Technology.

CT HB05304

An Act Designating The State Dog And State Candy And Creating A Working Group Concerning Redesignating The State Insect.

CT SB00164

An Act Authorizing Bonds Of The State For Revitalization Of The John J. Mitchell Fairgrounds In South Windsor.

CT SB00388

An Act Designating Indigenous Peoples' Day As A Legal Holiday.

CT SB00386

An Act Concerning Designation Of Polling Places, Early Voting And Regional Election Advisors.

CT SB00023

An Act Exempting Certain Articles Of Children's Clothing And Footwear And Personal Protective Equipment From The Sales And Use Taxes.

CT SB00028

An Act Concerning The Qualifying Income Thresholds For The Social Security Benefits Deduction From The Personal Income Tax.

Similar Bills

No similar bills found.