An Act Concerning A Study Of Economic Development Issues By The Department Of Economic And Community Development And Connecticut Innovations, Incorporated.
The bill is designed to provide a clearer understanding of economic development issues that are currently facing Connecticut. By conducting this study, the state hopes to gather critical insights that could inform future policies and initiatives aimed at bolstering economic growth. The collaborative effort between the DECD and Connecticut Innovations signifies a commitment to leveraging expertise in economic matters, emphasizing a data-driven approach to economic policymaking.
House Bill 07223 is an act concerning a study of economic development issues by the Department of Economic and Community Development (DECD) in collaboration with Connecticut Innovations, Incorporated. The bill mandates that the DECD conduct a comprehensive examination of economic development concerns within the state and submit a report to the Joint Standing Committee of the General Assembly on Commerce by January 1, 2018. This legislative measure aims to enhance the state's economic landscape by identifying key issues and proposing strategies for improvement.
The sentiment surrounding HB 07223 appears to be largely positive, with support from various stakeholders who recognize the importance of addressing economic development issues through empirical research. By establishing a formal process for studying these issues, the bill is viewed as a proactive step in ensuring that the state remains competitive economically. However, there are underlying concerns regarding the implementation of the study and whether it will lead to actionable outcomes that improve the current economic situation.
While there seems to be general support for the concept of studying economic development, some stakeholders may question the effectiveness of the proposed study. Concerns revolve around the potential for bureaucratic delays and whether the findings of the study will be translated into practical solutions. Additionally, discussions regarding the allocation of resources for this initiative could arise, as some may feel that funds could be better spent directly on economic development projects rather than on studies.