Sec. 32-23jj. Considerations in reviewing application.
Sec. 32-23jj. Considerations in reviewing application. In reviewing applications
for financial assistance under sections 32-23gg to 32-23ll, inclusive, the authority shall
consider the following factors: (1) The status of the project as an economic development
project; (2) the likelihood the project can be expected to create or retain private sector
jobs in this state; (3) the contribution of the project to the economic activities in the
state; (4) the significance of the financial assistance in either attracting to the state or
preventing a closing, partial closing or relocation out of the state of an economic development project; (5) the commitment to Connecticut of the management, ownership, and
employees of the project and their willingness and ability to operate the business and
enhance its competitive position in Connecticut; (6) whether the project serves the interests of the community where it is located or will be located; (7) whether the project is
located in a distressed municipality, as defined in section 32-9p; and (8) the appropriateness of the amount and form of the financial assistance and the level of risk or investment
for the state not only in terms of the state's financial exposure, but also in terms of the
overall objectives of sections 32-23gg to 32-23ll, inclusive.
(P.A. 91-319, S. 4, 7; June Sp. Sess. P.A. 91-3, S. 151, 168.)
History: June Sp. Sess. P.A. 91-3 changed references to major development projects to economic development projects.