Connecticut House Bill HB06960

Connecticut 2017 Regular Session

• Introduced: 1/26/17
• Refer: 1/26/17

Caption

An Act Appropriating Funds For Regional Economic Development Districts.

Impact

If enacted, HB 06960 would significantly impact economic policy by providing targeted financial resources to regional districts, thereby promoting job creation and strategic economic planning. The infusion of funds is expected to stimulate local economies and foster collaboration between state and local entities. By supporting these districts, the state acknowledges the importance of localized approaches to economic development, which could lead to more tailored solutions based on the unique needs of each region.

Summary

House Bill 06960 aims to allocate funds to enhance regional economic development throughout the state. The bill proposes an appropriation of $4.5 million from the General Fund for the fiscal year ending June 30, 2018. This funding is earmarked for grants to nine regional economic development districts, each receiving $500,000 to promote job growth and strategic planning. The overarching goal is to strengthen the economic landscape by facilitating coordinated efforts in local regions.

Contention

While the bill has a clear intent to bolster economic development, the allocation of funds may also raise questions regarding long-term effectiveness and oversight. Critics could argue that simply providing financial assistance does not guarantee sustainable job growth or effective strategic planning. Moreover, concerns about equitable distribution of funds among regions may arise, prompting discussions about the criteria used to assess the needs and potential of each economic development district. This could lead to debates on whether the bill adequately addresses the diverse economic challenges faced by different areas within the state.