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The Connecticut Department of Economic and Community Development is allocating $9 million in grants to 154 nonprofit arts organizations that were financially impacted by...
Tax revenue from the sector for calendar year 2017 was $2.2 billion, including $960 million in state and local taxes.
David Lehman, a managing director at Goldman, will serve both as the state’s new commissioner of the Department of Economic and Community Development and as the governor’s senior economic adviser.
The latest round of funding will see an investment of up to $4 million for remediation projects, with up to $1 million of that amount reserved specifically for assessment projects.
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.
Driven by an aging population, the health care sector is expected to show the strongest growth.
Last month’s figures found 201 permits issued for single-family homes and 190 approved for apartment complexes with at least five units.
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.
The Connecticut Department of Economic and Community Development will provide up to $9 million in grants for training, equipment, and leasehold improvements at PwC’s 300 Atlantic St. location.
As part of the agreement, the company will more than double its spending on in-state suppliers, many of which are in Fairfield County.
The Auditors of Public Accounts' preliminary review says the DECD provided inaccurate or unsupported information about job creation and tax credits in its annual report.
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.
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