Connecticut General Statutes 32-274 – Priorities for financial assistance provided by regional corporations
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A regional corporation, in approving applications for financial assistance, shall give priority to projects:
Terms Used In Connecticut General Statutes 32-274
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) That will provide increases in net new permanent jobs;
(2) Of minority or women-owned enterprises or enterprises owned by dislocated workers, as defined in the Federal Job Training Partnership Act;
(3) Of businesses in the early stages of development that have been denied access to credit; and
(4) That promote economic development, including the economic rehabilitation and development and the provision of services and jobs in areas where commercial, manufacturing and other business activities are permitted under local zoning.