Connecticut 2011 Regular Session

Connecticut Senate Bill SB00737 Compare Versions

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11 General Assembly Committee Bill No. 737
22 January Session, 2011 LCO No. 4906
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44 Referred to Committee on Planning and Development
55 Introduced by:
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88 General Assembly
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1010 Committee Bill No. 737
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1212 January Session, 2011
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1414 LCO No. 4906
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1818 Referred to Committee on Planning and Development
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2020 Introduced by:
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2424 AN ACT CONCERNING COMMUNITY ECONOMIC DEVELOPMENT.
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2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2828 Section 1. (NEW) (Effective October 1, 2011) (a) As used in this section:
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3030 (1) "Small business" means a business entity, including its affiliates, that (A) is independently owned and operated, and (B) employs fewer than fifty full-time employees or has gross annual sales of less than five million dollars; and
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3232 (2) "Targeted investment community" means a municipality that contains an enterprise zone designated pursuant to section 32-70 of the general statutes.
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3434 (b) The Commissioner of Economic and Community Development shall study ways in which to encourage the growth of small businesses located in targeted investment communities. Such study shall include the feasibility of offering to such small businesses (1) financial incentives to hire residents of targeted investment communities, and (2) a program of entrepreneurial training.
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3939 This act shall take effect as follows and shall amend the following sections:
4040 Section 1 October 1, 2011 New section
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4242 This act shall take effect as follows and shall amend the following sections:
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4444 Section 1
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4646 October 1, 2011
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4848 New section
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5252 PD Joint Favorable
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6156 Joint Favorable