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DECD outlines use of $20 million CTNext bond authorization for entrepreneurship supports
Summary
DECD told the subcommittee the $20 million bond authorization for CTNext remains available for the biennium but no specific allocations have been finalized; department plans funding for mentorship, access to risk capital, talent pipelines and statewide RFIs to shape programmatic use.
The Department of Economic and Community Development told the Appropriations Subcommittee that a $20 million bond authorization for CTNext remains available for the upcoming biennium but that the department has not yet finalized a detailed spending plan.
David (DECD/CTNext lead) told lawmakers the funds will support four pillars: mentorship and technical assistance for entrepreneurs, facilitating access to risk capital for startups, promoting access to talent and workforce development, and…
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