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The report by the bipartisan Auditors of Public Accounts says two companies received $16 million and $20 million, respectively, when they were each eligible for just $10 million.
During her eight years in the post, Smith spearheaded a variety of programs to generate economic activity and expand business across Connecticut.
“These are areas that can’t grow by themselves – they need private investment," says Betsy Paynter, executive director of redevelopment agency CityCenter Danbury.
The inaccuracies include overstating the number of jobs, failing to collect certain required information and reporting estimates that were off by tens of millions of dollars in 2017.
The Department of Economic and Community Development is supporting the project with a $5 million loan for leasehold improvements and other expenses.
According to Fairfield First Selectman Mike Tetreau, the five member municipalities contribute 22 percent of the total income tax revenue to the state, while the county overall contributes 42 percent.
Qualified census tracts are those that have a poverty rate of at least 20 percent of a median income that does not exceed 80 percent of the area median income.
In 2017 alone, over 4,500 full-time employees completed training that resulted in upgraded skills and increased productivity.
Thirteen companies – including several in Fairfield County – have committed to growing 1,594 new jobs and retaining 2,949 employees across the state.
Cities that did not win DECD approval such as Bridgeport may still make direct appeals to the retail giant.
The internet job site is receiving a 15-year, $7 million low-interest loan to support the expansion from the state.
A new law seeks to promote the state's portal designed to help business owners obtain necessary licenses and permits, as well as identify taxes and other revenue possibilities and benefits.
$4 million is being allocated for remediation projects and $1 million is set aside for assessment projects.
All told, 14 projects, comprising 424 acres of redevelopment, are receiving $6.9 million.
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