Magazine
Subscribe
Editorial
Media Kit
Talk to us

Politics Jun 12, 2011 - 9:58 AM


Legislature approves major jobs bill

By Representative Perone's office





Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook del.icio.us Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug
State Representative Chris Perone (D-Norwalk) announced legislation he co-authored to make it easier to start new businesses in the state and put people to work in green jobs was approved in the final hours of the legislative session this week.

“This bill sends a strong message to businesses that Connecticut is open for business,” said Perone. “We have spent the past year listening to business leaders, economists and many others who told us how we could improve what we started last year with the roundtable. This is about long-term economic growth—by making Connecticut a leader in emerging growth industries that offer good jobs.”

The legislation (HB 6525) is a product of the Majority Leaders’ Job Growth Roundtable of which Perone is a member. Incentives for entrepreneurship and innovation, infrastructure, and education are all contained in the bill.

Specifically, the Job Growth Roundtable’s recommendations reflected in the bill include:

* Investing in business growth - Positions Connecticut to be an innovation leader by driving technology-based economic development and manufacturing reinvestment
* Student loan reimbursement for green tech degrees - Students can qualify for up to $2,500 or 5 percent of annual tuition for 4 years.
* A manufacturing reinvestment fund - Expands and protects manufacturing base through new tax-preferred account where machinery, equipment or facilities can be purchased. Up to $50,000 can be used by 50 manufacturers with 50 or less employees for up to 5 years to reinvest and grow their businesses. Account disbursements are taxed at only 3.5 percent.
* An innovation network created in government – DECD will organize technology leaders and entrepreneurs, to increase the state’s innovation competitiveness using incentives and financial support to strengthen the bond between universities and industry. In partnership with federal research funds, increases corporate-sponsored research and establishes an innovation accelerator linking universities, corporations to start-up technology companies. Strengthens technology transfers and entrepreneurship activities at UConn and links angel networks and incubators.

Perone, who serves as Vice Chairman of the Communications, Financial Services and Interstate Commerce Committee of the National Conference of State Legislatures (NCSL), has long been a champion at the statehouse for making it easier for businesses to invest and create jobs in the state. Last year, Perone sponsored sweeping economic development legislation to jump-start job creation, while laying a foundation for long-term economic growth.




© Copyright by StamfordPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of StamfordPlus.com, Stamford Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar.




Possibly related or similar articles:
First County Bank Announces Innovative Program to Encourage Personal Savings - Nov 21, 2016 - 8:37:46 AM
Blumenthal and Esty applaud Senate approval of legislation to include Gold Star families in Veterans History project - Nov 16, 2016 - 6:56:36 AM
Malloy signs legislation that will keep Sikorsky's headquarters and thousands of jobs in the state - Nov 1, 2016 - 7:32:05 AM
CT Mom Inspires New Law Requiring Schools to Teach Breast Health Education - Oct 6, 2016 - 11:12:35 AM
Jeffrey A. Gordon, MD Sworn in as 178th President of Connecticut State Medical Society - Oct 3, 2016 - 6:04:50 AM





Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
CURRENT HEADLINES:
SOUND TIGERS 3, THUNDERBIRDS 1
Fogarty Looks to Expand on Shootout Success
Norwalk residents get free Martiime Aquarium admission on Sat., Dec. 3
The Ultimate KILLER B New SoNo Gastro Bar Gives the People What They Want Burgers, Bacon, Bourbon & Beer
lululemon athletica Partners with Dot Think Design on Yoga Service Initiative


Top of Page










StamfordPlus.com is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | Canaiden.com | Best of Norwalk | Best of Stamford | Hauterfly Magazine | SummerCampPlus.com

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.