Connecticut § 32-4q Innovation Corridor and Connecticut Communities Challenge programs; funding; application process; criteria.

Connecticut Statutes

§ 32-4q — Innovation Corridor and Connecticut Communities Challenge programs; funding; application process; criteria.

Connecticut·Title 32 Commerce and Economic and Community Development·Ch. 578 Department of Economic and Community Development

(a)On and after July 1, 2021, and until June 30, 2024, the Commissioner of Economic and Community Development, in coordination with the Secretary of the Office of Policy and Management, may, for the purposes of implementing the state's Economic Action Plan, use bond funds, funding received as a result of the American Rescue Plan Act of 2021, P.L. 117-2, as amended from time to time, and available resources, to provide (1) not more than one hundred million dollars in the aggregate for grants in support of major projects selected pursuant to subsection (b) of this section, and (2) not more than one hundred million dollars in the aggregate for community development grants awarded pursuant to subsection (c) of this section. Total funding for grants provided pursuant to subsections (b) and (c)

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(a) On and after July 1, 2021, and until June 30, 2024, the Commissioner of Economic and Community Development, in coordination with the Secretary of the Office of Policy and Management, may, for the purposes of implementing the state's Economic Action Plan, use bond funds, funding received as a result of the American Rescue Plan Act of 2021, P.L. 117-2, as amended from time to time, and available resources, to provide (1) not more than one hundred million dollars in the aggregate for grants in support of major projects selected pursuant to subsection (b) of this section, and (2) not more than one hundred million dollars in the aggregate for community development grants awarded pursuant to subsection (c) of this section. Total funding for grants provided pursuant to subsections (b) and (c) of this section shall not exceed two hundred million dollars in the aggregate. (b) On and after July 1, 2021, and until June 30, 2024, the Department of Economic and Community Development may establish an Innovation Corridor program, which shall provide grants for major projects in the state. The department shall develop a competitive application process and criteria consistent with the purposes of the state's Economic Action Plan to (1) evaluate applications submitted pursuant to this subsection, and (2) select projects for funding pursuant to subdivision (1) of subsection (a) of this section. (c) On and after July 1, 2021, and until June 30, 2024, the Department of Economic and Community Development may establish a Connecticut Communities Challenge program, which shall provide community development grants. The department shall develop a competitive application process and criteria consistent with the purposes of the state's Economic Action Plan to (1) evaluate applications submitted pursuant to this subsection, and (2) select community development projects for funding pursuant to subdivision (2) of subsection (a) of this section.

Connecticut § 32-4q (Innovation Corridor and Connecticut Communities Challenge programs; funding; application process; criteria.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(June Sp. Sess. P.A. 21-2, S. 488; P.A. 22-50, S. 2; 22-118, S. 155.) History: June Sp. Sess. P.A. 21-2 effective July 1, 2021; this section was originally published as Sec. 32-4p in the 2022 Supplement to the General Statutes; P.A. 22-50 amended Subsec. (a) by replacing “For fiscal years ending June 30, 2022, to” with “On and after July 1, 2021, and until”, adding “in the aggregate” after “one hundred million dollars” and “grants in support of” before “major projects” in Subdiv. (1), replacing “matching grants” with “not more than one hundred million dollars in the aggregate for community development grants awarded” in Subdiv. (2), adding provision re total funding cap of $200,000,000 and making a technical change, amended Subsec. (b) by replacing “July 1, 2024” with “June 30, 2024” and replacing reference to request for proposals with reference to Innovation Corridor grant program and making conforming changes, amended Subsec. (c) by replacing “July 1, 2024” with “June 30, 2024”, replacing “Commissioner” with “Department”, deleting provisions re competitive grant program and adding provisions re Connecticut Communities Challenge program, effective May 23, 2022; P.A. 22-118 made identical changes as P.A. 22-50, effective May 7, 2022.