Sec. 32-453. Additional criteria for award of financial assistance.
Sec. 32-453. Additional criteria for award of financial assistance. (a) In addition to the criteria specified under the provisions of the general statutes authorizing
each economic development financial assistance program, the awarding authority shall
consider the following criteria in evaluating each request for financial assistance for a
threshold project under each such program:
(1) The extent to which the request addresses the stated public policy objectives
developed under section 32-451 for the program;
(2) The probability that the projected benefits to the state, local community and
employees will be achieved; and
(3) The extent to which the business's project planning has included community
and employee participation.
(b) After approving a request for financial assistance for a threshold project, the
awarding authority and the business shall sign a statement (1) identifying the public
policy objectives which the project will address and the extent to which the project will
further such objectives, including but not limited to, the number of jobs to be retained,
the number of jobs to be created and the wage and benefit levels of such jobs, and (2)
reciting that the business understands that it is receiving economic development financial assistance because of the expectation that the assistance will be used to produce such
benefits. Such statement shall not be contractually binding on the business, provided the
appointing authority may, in a separate document, require any contractual commitments
that it deems appropriate. The authority shall provide a copy of such statement to the
chief elected official of the municipality in which the project will be located and any
employee representatives of the business.
(P.A. 94-231, S. 4, 9.)
History: P.A. 94-231 effective October 1, 1994, and applicable to applications for economic development financial
assistance submitted on or after said date.