The State Bond Commission Friday approved nearly $577 million worth of investments across Connecticut, including millions allocated for major economic development initiatives such as expanding AdChem in Manchester.
The state’s Small Business Express initiative, which has provided loans and grants to over 1,500 companies, will see a $10 million infusion to further business incentives, and the Manufacturing Innovation Fund will see a $5 million investment.
Funding for brownfields – turning eyesores into livable, workable spaces – will see $12.5 million to help improve local communities.
Transportation and infrastructure will see investments, including $30 million in town aid road grants; $68.9 million for state road resurfacing; and $7 million for recreational trails across the state.
Public universities are getting funding including: Central Connecticut, $69 million; Eastern Connecticut, $38 million; Southern Connecticut, $46.7 million; Â and Western Connecticut, $64.3 million. Â In addition, there are statewide investments totaling another $359 million.
Among the highlights of projects approved at Friday’s State Bond Commission meeting:
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Enfield: Construction of Renovations and Improvements – Asnuntuck Community College: $11.4 million
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Windsor Locks: SSB Mfg. Co. (Serta-Simmons) for new manufacturing facility: $8 million
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Hartford: Two Rivers High School – renovations for increased enrollment(Colt): $2.8 million
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Hartford: Colt Park Renovations and Improvements: $450,000
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Hamden: Hamden Housing Authority for Rehabilitation of Hamden Village and Hamden Village Extension – 110 elderly units: $2.8 million
- Cromwell: Assistance to GKN Aerospace Services Structure Corp.: $6 million
