Latest news with #StateBondCommission
Yahoo
3 days ago
- Business
- Yahoo
Ashford, Hampton, Scotland receive state grant funding
Governor Ned Lamont announced the release of state grant funds to benefit improvements in several municipalities, including four local towns. Through the Small Town Economic Assistance Program, the Office of Policy and Management and the State Bond Commission, towns can apply to receive funding and commit a percentage of local monies to complete projects. 'Our small towns are an important part of what makes Connecticut such a special place to live and work,' Lamont said. 'By partnering with each town, we can help get these infrastructure projects completed so these towns can continue to thrive, remain competitive, attract businesses and improve the quality of life for our residents.' Locally, Ashford was granted $400,000 for repaving at the Public Works Facility, with the town contributing $104,701, and Franklin received $100,000 for engineering and acquiring a generator for an emergency shelter at the Franklin Elementary School, matched by $20,000 from local funds. The Town of Hampton applied for funds for the reconstruction of Windham Road, receiving $500,000 and matching $220,000. Scotland was awarded $248,651 for improvements to the community hall at the Public Safety Complex, with taxpayers contributing $27,628. In all, 46 towns received approximately $30 million dollars in funding.
Yahoo
12-04-2025
- Business
- Yahoo
CT Gov. approves $10M for Enfield Mall redevelopment
ENFIELD, Conn. (WWLP) – Connecticut Governor Ned Lamont announced Friday the approval of $77 million in state funding for 35 economic development projects, one of them including the 'Enfield Marketplace project.' The funding, approved by the State Bond Commission, aims to revitalize historically underserved communities through a wide range of infrastructure housing, and economic development initiatives. The largest allocation this round–$10 million– has been awarded to the Town of Enfield. In collaboration with Woodsonia Acquisitions LLC, Enfield will use the funds for the 'Enfield Marketplace Infrastructure' project, a mixed-use development designed to inject new energy and economic vitality into the area. The project includes the installation of essential infrastructure to support residential, commercial, and public space enhancements. 'Through this grant program, we are helping municipalities throughout Connecticut make improvements in underserved areas that will enhance their economic vibrancy and revitalize neighborhoods,' Governor Lamont said in a statement. 'I am glad that we can partner with these towns and cities and other organizations to make these improvements that will drive growth in our state.' Senate President Looney praised the program's long-term vision. 'These grants are targeted investments to uplift underserved communities, assist struggling nonprofit social service organizations, promote equity, and spur long-term economic growth across Connecticut,' he said. Speaker Ritter added, 'Investing in transformational projects can provide a huge boost to nonprofits, communities, and even entire regions of Connecticut.' Created in 2022, the Community Investment Fund is a multi-year initiative designed to distribute up to $875 million in grants over five years. Eligible projects include capital improvements such as affordable housing development, brownfield remediation, infrastructure upgrades, and support programs for small businesses, including revolving loans and start-up financing. Click here for a full list of approved projects and more information on the CIF program. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
