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Last year’s event netted more than $2.25 million.
Five $50,000 grants and two $25,000 grants were distributed.
The first funding initiative will support Bridgeport Public Schools teachers.
In other developments today: The state is currently on track to end Fiscal Year 2020 with a General Fund deficit of $170 million; a new statewide organization has been formed to help Connecticut's nonprofits; and according to one model, Connecticut’s hospitals will hit peak resource use on April 16, at which time there will be a shortage of 2,167 hospital beds and a deficit of 499 ICU beds. The same model predicts 1,092 virus-related deaths here through Aug. 4.
The 24-hour event kicks off at midnight on March 1 and encourages donations of as little as $10 to nonprofits serving the social, economic, educational and cultural needs of the region.
“Is it a cause for hope, concern, or seeing opportunities? Probably all three,” said Joe McGee of The Business Council of Fairfield County.