Transit-Oriented Development Funded Gov. Dannel P. Malloy has announced the creation of a $15 million Transit Oriented Development Pre-Development and Acquisition Fund to provide financing that will encourage developers to carry out transit oriented development (TOD) in communities with station stops along the CTFastrak and New Haven-HartfordSpringfield (NHHS) transit corridors. The state and the Connecticut Housing Finance Authority (CHFA) will each contribute $1 million to the fund, which will be added to $13 million of private capital provided by the Local Initiatives Support Corp. of Connecticut, which will also serve as the fund manager. Transit-Oriented Development prioritizes the development of a mix of uses — new housing, retail and commercial office space — near transit hubs to encourage the use of mass transit, reduce reliance on driving, and foster more dense, livable and walkable communities.
event followed by roundtable discussions at the Capitol. The keynote speaker will be Erin Andrew, assistant administrator for the Office of Women’s Ownership at the U.S. Small Business Administration (SBA). The breakfast will serve as the first of a series of events that will highlight women small business owners’ as important decision makers who effect the economic health of the nation. The discussion will take place from 10 a.m. to noon at the Legislative Office Building Room 2E, followed by the luncheon. To learn more or register phone 203.353.1750 or visit ctwbdc.org.
Steering Students Toward Construction DURHAM — Faculty and staff from Porter & Chester Institute’s Branford campus will take part in “Construction Career Days at the Construction Pro Rodeo to provide more than 1,500 area high school students a glimpse into construction industry career opportunities.
The TOD fund will be a $15 million fund comprised of $1 million from the Office of Policy and Management (OPM), $1 million from CHFA and $13 million from LISC. LISC was selected to serve as the TOD fund manager through a competitive process based on the organization’s experience funding and administering TOD projects as well as the group’s knowledge of the unique needs of Connecticut’s transit corridor towns.
Representatives from the automotive technology, computer-aided drafting and design (CADD), electrician, electronics systems technician and HVAC programs will guide students through practical, industry-modeled exercises to encourage interest in the wide variety of career paths possible in the construction and technical fields.
A Stone’s Throw
The event will take place from 8 a.m. to 2 p.m. May 14 and 15 at the Durham Fairgrounds, 24 Townhouse Road. To learn more, call 203-530-0893.
MILFORD — Connecticut Stone and TexaStone Quarries in Garden City, Tex. have partnered to create a new venture, TexaCon CutStone in Bloomington, Ind. The purpose of the partnership is to fabricate and deliver high quality Indiana limestone in a timely basis across North America. Said Connecticut Stone CEO Joe Dellacroce of the venture: “Indiana Limestone is a popular product for both residential and commercial projects not only in the Northeast, but throughout the United States. Traditionally, long lead times have caused expensive construction delays that have frustrated our clients. Now with TexaCon, we are in control of the fabrication process and can meet the deadlines we quote resulting in better efficiency on the project.”
Celebrating Women in Business HARTFORD — As part of National Small Business Week (May 12-16) and in partnership with the Women’s Business Development Council (WBDC) and the Permanent Commission on the Status of Women (PCSW), Gov. Dannel P. Malloy has proclaimed May 13 “Women-Owned Business Day” in Connecticut. To celebrate female business owners, the WBDC and PCSW will host a free breakfast MAY 2014
Bill Would Benefit Manufacturers HARTFORD — A bill co-sponsored by Westbrook State Sen. Art Linares (R-33) and backed by the Middlesex Chamber of Commerce has passed the state legislature and awaits the governor’s signature into law. The proposal would improve and enhance the current Manufacturing Reinvestment Account (MRA) program. MRAs allow companies to make capital investments in new machinery, expand their facilities and invest in job creation. “An MRA is like an IRA for manufacturers, allowing profits to be reinvested back into companies without having to pay burdensome taxes,” said Linares, who co-owns a solar energy manufacturing company. “This bill aims to encourage more of our manufacturers to participate in the MRA program by opening it up to small businesses with up to 150 employees.”
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