Connecticut Administrative Code Title 32 - Commerce and Economic and Community Development
Title 32 of the Connecticut General Statutes—entitled Commerce and Economic and Community Development—outlines the state's framework for promoting economic growth, supporting businesses, and fostering community development. This title encompasses various chapters that address different aspects of economic and community development in Connecticut.
📘 Overview of Title 32
Title 32 is divided into several chapters, each focusing on specific areas of commerce and economic development. Here's a breakdown:
Chapter 578 – Department of Economic and Community Development
Sec. 32-1b: Establishes the Department of Economic and Community Development (DECD).
Sec. 32-1c: Outlines the powers and duties of the DECD commissioner, including administering and directing the department's operations, promoting business development, and coordinating with municipalities .(casetext.com)
Chapter 579 – Connecticut Innovations, Incorporated
Sec. 32-10: Establishes Connecticut Innovations, Incorporated, as the state's principal economic development agency.
Sec. 32-12: Outlines the powers and duties of Connecticut Innovations, including providing financial assistance to businesses and promoting technological innovation.(cga.ct.gov)
Chapter 580 – Connecticut Research Commission (Repealed)
Sec. 32-24: Formerly established the Connecticut Research Commission, which has since been repealed.(cga.ct.gov)
Chapter 581 – Innovation Capital Act of 1989
Sec. 32-39: Establishes the Innovation Capital Fund to provide financial assistance to businesses engaged in technological innovation.
Sec. 32-41: Outlines the powers and duties of the Innovation Capital Fund, including making loans and equity investments in eligible businesses.
Chapter 582 – Surety Bond Guarantee Program for Small Contractors (Repealed)
Sec. 32-48: Formerly established a surety bond guarantee program to assist small contractors, which has since been repealed.(cga.ct.gov)
Chapter 583 – Defense Contracts
Sec. 32-56: Addresses the state's involvement in defense contracts and related economic development activities.
Chapter 584 – Industrial Revenue Bond Mortgage Insurance Fund
Sec. 32-60: Establishes a fund to provide mortgage insurance for industrial revenue bonds, facilitating financing for industrial development projects.(cga.ct.gov)
Chapter 585 – Enterprise Zones, Entertainment Districts, Enterprise Corridor Zones, and Airport Development Zones
Sec. 32-70: Establishes enterprise zones to encourage economic development in designated areas through tax incentives and other benefits.
Chapter 586 – Loans to Small Contractors and Small Manufacturers (Repealed)
Sec. 32-81: Formerly provided loans to small contractors and manufacturers, which has since been repealed.(cga.ct.gov)
Chapter 587 – Small Business Advisory Council
Sec. 32-96: Establishes a council to advise the DECD commissioner on matters affecting small businesses.
Chapter 588 – Economic Development and Manufacturing Assistance
Sec. 32-220: Establishes programs to provide financial assistance to businesses for economic development and manufacturing activities.
Chapter 588a – Credit, Jobs, Capital Investment, and Tax Incremental Financing Programs
Sec. 32-260: Establishes programs to provide financial incentives for businesses to create jobs and invest capital in Connecticut.
Chapter 588b – Regional Economic Development
Sec. 32-325: Promotes regional economic development initiatives to enhance collaboration among municipalities and businesses.
Chapter 588c – Small Business
Sec. 32-340: Establishes programs to support the growth and development of small businesses in Connecticut.
Chapter 588d – Brownfield Remediation and Development
Sec. 32-760: Addresses the remediation and development of brownfield sites to promote environmental and economic revitalization.
📚 Accessing Full Text and Regulations
For detailed information and access to the full text of these statutes and regulations, you can visit the Connecticut General Assembly's website: (cga.ct.gov)
RELATED Blog
0 comments