Connecticut House Bill HB05161

Connecticut 2014 Regular Session

• Introduced: 2/18/14
• Refer: 2/18/14

Caption

An Act Concerning Enterprise Zones In Municipalities In Which A Postal Service Processing And Distribution Center Has Closed.

Impact

If passed, the bill is expected to encourage local economic development by aligning support efforts with the specific needs of communities facing challenges due to postal service center closures. The amendment would empower municipalities to seek enterprise zone status, thus providing them with access to various state programs and tax incentives aimed at bolstering local economies. This change intends to stimulate investment in infrastructure and create job opportunities in affected areas, ultimately contributing to the revitalization of local economies.

Summary

House Bill 05161 aims to amend existing laws regarding enterprise zones by allowing their designation in municipalities that have experienced the closure of postal service processing and distribution centers. The bill seeks to create economic opportunities in areas adversely affected by these closures, offering incentives for redevelopment and attracting new businesses. Representatives argue that designating enterprise zones in these municipalities will help mitigate the economic impact of lost jobs and services by promoting investment and growth in struggling communities.

Contention

Discussion around HB 05161 has included considerations regarding its potential effectiveness and the implications for state resource allocation. Proponents argue that the bill is a necessary step towards supporting municipalities struggling with economic downturns, while critics raise concerns about the sustainability of enterprise zones and whether the incentives will lead to long-term economic benefits. Some members express reservations about prioritizing funding and resources for areas affected by postal service closures over other regions that may also need support.