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DECD endorses Grayfields program, seeks recapitalization of manufacturing tools and continued small-business support
Summary
Economic Development Commissioner Daniel O'Keefe told the subcommittee the governor's bond bill would recapitalize manufacturing programs, continue the Small Business Boost program, and create a Grayfields Revitalization Program to repurpose underused retail and office space.
Connecticut Department of Economic and Community Development Commissioner Daniel O'Keefe told the Finance, Revenue and Bonding subcommittee that the governor's proposed capital plan would fund programs aimed at converting underused commercial properties, recapitalizing tools for manufacturers, and supporting small businesses across the state.
Grayfields Revitalization Program
O'Keefe described a newly proposed Grayfields Revitalization Program that would provide grants or loans to repurpose previously developed retail and office space that is no longer economically viable. The commissioner framed the proposal as complementary to Brownfields efforts (which focus on contaminated industrial sites) and said the aim is to remove blight and return underused commercial real…
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