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Gov. Ned Lamont announced an agreement with some 65 credit unions and banks in Connecticut to offer mortgage relief to the state’s residents and businesses who continue to face hardship caused by the global COVID-19 pandemic.
While President Donald Trump's signing late this afternoon of the $2 trillion COVID-19 aid package should address the PPE shortage, Lamont said it would probably be three-plus weeks before that money arrives to the state.
Targeted at companies with up to 100 employees, as well as nonprofits and sole practitioners, the loans will come with 18-month terms at 0% interest, and capped at $75,000.
"It's tough medicine," the governor remarked. "I think it's the right medicine."
The $1 trillion spending proposal from the White House would include $500 billion in direct payments to Americans. Indications are that that bill will be introduced early next week.
A third person has tested positive for COVID-19 – an elderly man who lives in New Canaan, according to Dr. Matthew Cartter, the state...
Mounds, the first African-American to hold the chief of staff post in state history, has previously worked with Gov. Dannel Malloy, U.S. Sen. Richard Blumenthal, and U.S. Rep. John Larson.
Attracting more business to Connecticut, reducing some taxes and tuition fees, legalizing marijuana – and, of course, bringing tolls back to state highways – were some of the themes of Gov. Ned Lamont’s “State of the State” address at the State Capitol’s Hall of the House of Representatives on Feb. 5.