Bill > HB06741

This bill authorizes the State Bond Commission to issue up to $950,000 in state bonds to provide a grant-in-aid to the town of Norwich for designing and constructing a shipbuilding facility at 1 Wisconsin Avenue. The bonds will be issued in accordance with section 3-20 of the general statutes, which governs the state's bonding procedures. The Department of Economic and Community Development will be responsible for administering the grant, which aims to support economic development by facilitating the creation of a new shipbuilding facility in Norwich. This funding represents a targeted investment in local infrastructure and potential job creation in the maritime industry, with the state providing financial support to help realize the project.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06741&which_year=2025