Governor Offers Snapshot of State’s Fiscal Health

Governor Lamont and his budget director, Melissa McCaw, gave an update on the state’s budget picture at his daily briefing today, as well as an overview of what Connecticut stands to receive from the federal government in COVID-19 relief. The Governor said the state is in “pretty good shape” through the end of the fiscal …
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Governor Announces Mortgage Relief Initiative

In his daily news update, Governor Lamont today announced a new agreement involving the state Department of Banking and some 50 state banks and credit unions that will provide temporary mortgage relief for residents and businesses affected by the coronavirus.   The relief is applicable to residential and commercial mortgages. Under the agreement, participating financial …
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Summary of Federal Cares Act for Small Businesses and Nonprofits

Below please find a succinct summary of the federal $2 trillion CARES Act as it pertains to small businesses (those with fewer than 500 employees) and nonprofits that will be available in the very near future.  NOTE:  If you have difficulty opening the links, copy them into a browser – e.g. Google Chrome, Internet Explorer, …
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Overwhelming Response to State Bridge Loan Program Forces DECD to Hit ‘Pause’

At 6 p.m. today, the Department of Economic and Community Development announced it will stop accepting applications for the Connecticut Recovery Bridge Loan program, having received more than 4,000 applications since the program was launched yesterday morning.  Within the last 24 hours, DECD, along with its partner, Connecticut Innovations, has added additional staff to process …
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Capitol Beat – March 24 Update

Let’s start with the good news: today the stock market closed with all the major indices up! Lest we get too giddy, we are still in the thick of it.  In his afternoon briefing today, Governor Lamont reminded listeners to continue exercising an abundance of caution and social distancing in order to try to arrest …
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Capitol Beat – Governor’s Briefing

In what will likely become a regular routine, Governor Lamont today held a news conference to bring the media and public up to speed on the status of COVID-19 operations statewide.  At 8 p.m. this evening all non-essential businesses have been directed to close, and for those businesses that have been deemed essential, if there …
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Capitol Beat – DECD Guidance

Attached please find the legally binding guidance issued today by the CT Department of Economic Development providing further guidance on which businesses are deemed “essential” to public health and safety and the economy in Connecticut.  Those covered in this guidance are not subject to the restrictions and closure requirements outlined in Executive Order 7H issued Friday.

U.S. Bureau of Economic Analysis: CT GDP Increased to 2.1% in 3Q of 2019

Governor Ned Lamont and Department of Economic and Community Development Commissioner David Lehman today remarked that the administration’s efforts to get Connecticut’s fiscal house in order are succeeding as reflected in the U.S. Bureau of Economic Analysis’ announcement that Connecticut’s gross domestic product (GDP) increased by 2.1 percent during the third quarter of 2019. They …
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