Connecticut Senate Bill SB00173

Connecticut 2013 Regular Session

• Introduced: 1/17/13
• Refer: 1/17/13

Caption

An Act Including The Town Of Thomaston In The Waterbury Enterprise Zone.

Impact

The inclusion of Thomaston within the Waterbury enterprise zone is anticipated to have a positive impact on local economic conditions. By integrating Thomaston into this zone, the state hopes to attract new businesses and stimulate job creation while providing existing businesses in the area with necessary resources and support. This move is essential for enhancing the town's competitiveness in securing economic investments and improving the overall business climate.

Summary

SB00173 aims to include the town of Thomaston in the Waterbury enterprise zone, thereby extending the geographic area eligible for certain economic development incentives. This expansion intends to stimulate growth by providing businesses in Thomaston access to opportunities and support that are part of the existing enterprise zone benefits in Waterbury. The bill was initiated by Senator Welch and Representative Piscopo, highlighting a bipartisan effort to foster economic development in the region.

Contention

While the primary goal of SB00173 is to promote economic development, there may be discussions regarding how effectively the benefits of enterprise zones translate into tangible growth for smaller towns like Thomaston. Potential contention may arise over whether the resources allocated for this expansion could be more effective if focused elsewhere or if the benefits would genuinely provide substantial long-term impact for the local economy. As with many economic development initiatives, concerns about equitable distribution of benefits and whether the advantages outweigh any unintended consequences could be points of debate among community stakeholders.