2014 Policy Agenda

Public Policy Updates

CEDAS Policy Alert:
CEDAS’ policy committee will release periodic alerts through its LinkedIn group to inform its members of important issues and meetings.  It is also hoped that members will comment on the alerts so that we are all well informed. 
Thomas Cariglio (thomas.cariglio@uinet.com) and John O’Toole (john.otoole@nu.com), co-chairs

2014 Policy Agenda
The CEDAS Policy Committee has met and believes that the following items should be supported and monitored this legislative session:

  • Support Governor Malloy’s efforts to consolidate regulations and streamline processes in the state.

  • Seize the opportunities outlined in the Comprehensive Energy Plan – gas expansion.

  • Continue the Small Business Express Program -- commit resources to ensure continuation of this impactful program and make ongoing improvements.

  • Improve economic development marketing of the State of Connecticut – manufacturing and environment of entrepreneurship.

  • Improve marketing efforts for available tax incentives to CT & out-of state companies.

  • Focus economic development marketing efforts and consolidate information and available programs that will help promote the competitive advantages of CT to one place – CERC, DECD, Labor etcetera.

  • Share customer relationship management information with local economic developers.

  • The Connecticut Sales and Use Tax Exemption can be a valuable tax incentive for large economic development projects.  Connecticut should increase its promotion of this powerful tool to site selectors, corporate real estate executives, and large CT companies. Sale and use tax exemption should be by right for significant projects and shouldn’t require approval.  Georgia heavily promotes their sales and use tax exemptions as a competitive advantage and CT should do the same.

  • International trade o Attract new “foreign direct investments”

    • Visit consulates

    • Shovel Ready Sites – Connecticut should fund a program to identify and certify development sites as “shovel ready” to allow for quick development of projects in key economic sectors.

Environmental

  • Make Connecticut’s “covenant not to sue” on brownfield redevelopment projects competitive with neighboring states to precipitate investments.

Job Expansion Tax Credit (JET)

The JET program is a valuable tax incentive to CT-based companies that have state income tax liability.  The state should expand the time period and budget for this program.

  • Provide a means to deal with workforce issues
    • Manufacturing skills gap
    • Aging employees
    • Flexible workforce training
    • Age of access with parental permission
    • Streamline and eliminate barriers
    • Incentivize interest – manufacturing apprentice tax credits

Transportation

Transportation Policy – Connecticut should commit the funds to complete the New Haven – Hartford – Springfield rail line and other important rail upgrades.

  • Deal with Fairfield County congestion with consideration of:
    • Moore Commission recommendations
    • Local projects
    • Designing shovel ready projects to utilize federal funding
    • Maintain integrity of Special Transportation Fund
    • Prioritize statewide focus towards areas of congestion and environmental non-attainment

2014 Committee Deadlines Chart

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