(a) There is established the Connecticut 500 Project to be administered by the Commission on Economic Competitiveness, established pursuant to section 2-124. Under said project, the commission, in collaboration with the Connecticut 500 Project governing board described in subsection (b) of this section, shall convene and work closely with Connecticut businesses, including large corporations and small businesses, and business, government, and community leaders, organizations, and institutions with the goal of creating a net increase of five hundred thousand new private sector jobs in the state over the next twenty-five years and to set and achieve Connecticut's cornerstone economic development goals for the next generation.
(b) On or before January 1, 2017, the Commission on Economic Competitiveness shall solicit bids from outside consultants with expertise in economic development to develop the Connecticut 500 Project. Said project shall include a permanent Connecticut 500 Project governing board that includes senior business leaders, chief executive officers of public companies with operations in Connecticut, and state and municipal elected officials, and other business, government and community leaders. In order to achieve the goals described in this section within twenty-five years, the governing board shall propose legislation, leverage public and private investment in the state and in the Connecticut 500 Project, solicit funds, or if public funding is available, to solicit matching funds, from the private sector to further the goals described in this section, evaluate Connecticut's economic development policies, and take other actions the board deems necessary to achieve such goals. Such goals shall include, but need not be limited to:
(1) A net increase of five hundred thousand new private sector jobs in Connecticut;
(2) An increase of five hundred thousand new residents to Connecticut's population;
(3) Five hundred new start-ups based on in-state developed intellectual property;
(4) An increase of five hundred students in the number of annual graduates from each state college and university;
(5) National top five status in the following areas: (A) Economic growth, (B) public education, (C) quality of life, and (D) private sector employee salary; and
(6) Maintain Connecticut's position in the top five of the following areas: (A) Productivity, (B) higher education, and (C) income per capita.
(c) The commission may rename said project and refine and reset the goals described in this section.
(May Sp. Sess. P.A. 16-3, S. 20.)
History: May Sp. Sess. P.A. 16-3 effective July 1, 2016.
Structure Connecticut General Statutes
Title 32 - Commerce and Economic and Community Development
Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated
Section 32-32. - Short title: Innovation Capital Act of 1989.
Section 32-33. - Legislative finding.
Section 32-35. - Connecticut Innovations, Incorporated.
Section 32-36. - Perpetual succession. Termination.
Section 32-37. - Board of directors.
Section 32-38. - Chief executive officer.
Section 32-39. - Corporate purpose; powers.
Section 32-39d. - Guarantees of corporation made investment securities.
Section 32-39f. - CTNext. Purposes. Board of directors. Executive director.
Section 32-39g. - CTNext. Powers.
Section 32-39h. - CTNext. Procedures.
Section 32-39i. - CTNext Fund established. Uses.
Section 32-39j. - Definitions.
Section 32-39k. - Innovation place program. Purposes.
Section 32-39p. - Connecticut 500 Project. Goals. Solicitation of bids.
Section 32-39w. - Assistance with state strategic economic planning.
Section 32-39x. - Entrepreneurs-in-Residence program. Proof of concept fund.
Section 32-39y. - Recapitalization of innovation place program. Bond authorization.
Section 32-40. - Applications for financial aid.
Section 32-41aa. - Connecticut Bioscience Innovation Fund. Definitions.
Section 32-41b. - Bond issue for high technology products. Loan interest rates.
Section 32-41bb. - Bioscience Innovation Advisory Committee.
Section 32-41dd. - Bond authorization for Connecticut Bioscience Innovation Fund.
Section 32-41g. - Short title: Technology Deployment Act of 1993.
Section 32-41h. - Legislative finding.
Section 32-41i. - Definitions.
Section 32-41j. - Manufacturing application center program.
Section 32-41k. - Deployment research program.
Section 32-41l. - Energy and environmental technologies deployment center program.
Section 32-41m. - Connecticut educational and job training technologies deployment center programs.
Section 32-41n. - Critical technologies grant program.
Section 32-41nn. - Bond authorization for Regenerative Medicine Research Fund.
Section 32-41o. - Bond issue for technology deployment.
Section 32-41oo. - Program to incentivize formation of new venture capital funds.
Section 32-41p. - Workplace center of excellence program.
Section 32-41q. - Critical industries development account. Purpose. Regulations.
Section 32-41qq. - Plan to collect data re crumbling concrete foundations.
Section 32-41r. - Short title: Economic Recovery Act of 1996.
Section 32-41t. - High technology research and development program: Definitions.
Section 32-41u. - High technology research and development program: Establishment and purpose.
Section 32-41v. - Connecticut New Opportunities Fund.
Section 32-41w. - Early-stage venture capital program.
Section 32-41x. - Preseed financing account and program.
Section 32-41z. - Bond issue for the Connecticut Bioscience Collaboration program.
Section 32-42. - Examination. Audits.
Section 32-43. - State pledge.
Section 32-44. - Powers to be interpreted broadly.
Section 32-45. - Inconsistent provisions of law.
Section 32-46. - Tax exemption.
Section 32-47. - Personal liability of directors or persons acting on behalf of the corporation.