HARTFORD — Governor Ned Lamont today announced that the first proposals he is submitting to the Connecticut General Assembly during the 2020 legislative session will be a package of reforms aimed at retooling the Department of Economic and Community Development’s business assistance programs.
There are two initiatives proposed:
- Jobs CT which is a performance-based incentive program for businesses to expand or relocate jobs to Connecticut.
- Small Business Express 2.0, which is a new phase of the state’s program to help small businesses.
The governor unveiled the proposals today during a visit to Upward Hartford, a popular co-working space in downtown Hartford that serves as an incubator for startups seeking to develop new innovations and bring birth to projects, where he was joined by business leaders and state officials.
“Some of the best investments we can make as a state are in companies that are already here and that want to be here,” Governor Lamont said. “This sends a message to the region and the world that Connecticut supports its corporate partners.”
“Over the last decade, the Small Business Express program has helped many entrepreneurs, including women and minorities, build their businesses and create jobs right here in Connecticut,” Lt. Governor Susan Bysiewicz said. “These new legislative proposals will build on those successes and grow our state’s economy in order to increase our economic competitiveness, while also reducing costs to our taxpayers.”
You can read more about the proposal here.
