Bill Text: CT SB00344 | 2012 | General Assembly | Introduced
Bill Title: An Act Concerning Community Economic Development.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2012-04-17 - Referred by Senate to Committee on Finance, Revenue and Bonding [SB00344 Detail]
Download: Connecticut-2012-SB00344-Introduced.html
General Assembly |
Raised Bill No. 344 | ||
February Session, 2012 |
LCO No. 1715 | ||
*01715_______PD_* | |||
Referred to Committee on Planning and Development |
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Introduced by: |
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(PD) |
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AN ACT CONCERNING COMMUNITY ECONOMIC DEVELOPMENT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2012) (a) As used in this section:
(1) "Small business" means a business entity, including its affiliates, that (A) is independently owned and operated, and (B) employs fewer than fifty full-time employees or has gross annual sales of less than five million dollars; and
(2) "Targeted investment community" means a municipality that contains an enterprise zone designated pursuant to section 32-70 of the general statutes.
(b) The Commissioner of Economic and Community Development shall study ways in which to encourage the growth of small businesses located in targeted investment communities. Such study shall include the feasibility of offering to such small businesses (1) financial incentives to hire residents of targeted investment communities, and (2) a program of entrepreneurial training.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2012 |
New section |
Statement of Purpose:
To promote economic development in distressed municipalities.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]