General Assembly Raised Bill No. 5575
February Session, 2016 LCO No. 2652
*_____HB05575CE_FIN031816____*
Referred to Committee on COMMERCE
Introduced by:
(CE)
General Assembly
Raised Bill No. 5575
February Session, 2016
LCO No. 2652
*_____HB05575CE_FIN031816____*
Referred to Committee on COMMERCE
Introduced by:
(CE)
AN ACT CONCERNING A GRANT-IN-AID FOR THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (b) of section 32-235 of the 2016 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2016):
(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Economic and Community Development (1) for the purposes of sections 32-220 to 32-234, inclusive, including economic cluster-related programs and activities, and for the Connecticut job training finance demonstration program pursuant to sections 32-23uu and 32-23vv, provided (A) three million dollars shall be used by said department solely for the purposes of section 32-23uu and not more than five million two hundred fifty thousand dollars of the amount stated in said subsection (a) may be used by said department for the purposes of section 31-3u, (B) not less than one million dollars shall be used for an educational technology grant to the deployment center program and the nonprofit business consortium deployment center approved pursuant to section 32-41l, (C) not less than two million dollars shall be used by said department for the establishment of a pilot program to make grants to businesses in designated areas of the state for construction, renovation or improvement of small manufacturing facilities, provided such grants are matched by the business, a municipality or another financing entity. The Commissioner of Economic and Community Development shall designate areas of the state where manufacturing is a substantial part of the local economy and shall make grants under such pilot program which are likely to produce a significant economic development benefit for the designated area, (D) five million dollars may be used by said department for the manufacturing competitiveness grants program, (E) one million dollars shall be used by said department for the purpose of a grant to the Connecticut Center for Advanced Technology, for the purposes of subdivision (5) of subsection (a) of section 32-7f, (F) fifty million dollars shall be used by said department for the purpose of grants to the United States Department of the Navy, the United States Department of Defense or eligible applicants for projects related to the enhancement of infrastructure for long-term, on-going naval operations at the United States Naval Submarine Base-New London, located in Groton, which will increase the military value of said base. Such projects shall not be subject to the provisions of sections 4a-60 and 4a-60a, (G) two million dollars shall be used by said department for the purpose of a grant to the Connecticut Center for Advanced Technology, Inc., for manufacturing initiatives, including aerospace and defense, and (H) four million dollars shall be used by said department for the purpose of a grant to companies adversely impacted by the construction at the Quinnipiac Bridge, where such grant may be used to offset the increase in costs of commercial overland transportation of goods or materials brought to the port of New Haven by ship or vessel, (2) for the purposes of the small business assistance program established pursuant to section 32-9yy, provided fifteen million dollars shall be deposited in the small business assistance account established pursuant to said section 32-9yy, [and] (3) to deposit twenty million dollars in the small business express assistance account established pursuant to section 32-7h, and (4) for the purpose of providing a grant-in-aid in the amount of five hundred thousand dollars to the Women's Business Development Council in the city of Stamford for a program offering business loans under one hundred thousand dollars to women-owned businesses.
This act shall take effect as follows and shall amend the following sections:
Section 1 July 1, 2016 32-235(b)
This act shall take effect as follows and shall amend the following sections:
Section 1
July 1, 2016
32-235(b)
CE Joint Favorable C/R FIN
CE
Joint Favorable C/R
FIN