Connecticut Senate Bill SB01027

Connecticut 2019 Regular Session

• Introduced: 3/7/19
• Refer: 3/7/19
• Report Pass: 3/14/19
• Refer: 3/22/19
• Report Pass: 3/28/19

Caption

An Act Concerning The Connecticut Economic Resource Center.

Impact

If implemented, SB01027 would contribute to the streamlining of economic initiatives and partnerships in Connecticut. By establishing a reporting mechanism, the bill holds the Commissioner accountable for transparency regarding partnerships aimed at economic development. It is anticipated that this increased transparency could lead to better resource allocation and more effective economic strategies moving forward, benefiting both the government and private sectors.

Summary

SB01027, known as the Act Concerning the Connecticut Economic Resource Center, mandates the Commissioner of Economic and Community Development to submit a report evaluating the progress of a public-private partnership with the Connecticut Economic Resource Center by February 1, 2020. This act aims to enhance economic collaboration between the state and private entities, potentially fostering a more conducive environment for business operations and investments in Connecticut.

Sentiment

The sentiment surrounding SB01027 appears generally supportive among legislative members who see the value in promoting public-private partnerships as a way to invigorate the state’s economy. The focus on accountability through reporting requirements was positively highlighted as a mechanism for ensuring progress and effectiveness in economic initiatives. Nevertheless, there may be concerns among critics regarding the effectiveness of such partnerships and whether they truly serve the best interests of the community at large.

Contention

Notable points of contention could arise related to how public-private partnerships are structured and monitored. Critics may argue that without adequate oversight, such partnerships might prioritize private interests over public welfare. Additionally, there could be discussions about the actual impacts of these partnerships on local economies and whether they address the needs of various stakeholders adequately. Ensuring that outcomes from these collaborations are genuinely beneficial for all involved—especially marginalized communities—may be a significant topic of debate.