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Councils, or COGs, receive funding through membership dues, state grants, and federal grants. As of 2018, Connecticut has 9 regional councils following a series of mergers and realignments between 2013 and 2015. Populations are from the 2010 census. [2] For current membership, see List of municipalities in Connecticut.
The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs.
The 2023 deal took months to craft and brought the nation uncomfortably close to a default, which would have unleashed global economic chaos and had major consequences on many Americans’ finances.
With a government shutdown narrowly avoided late Friday into Saturday morning, the House and Senate sent a funding bill to President Joe Biden's desk. An initial bipartisan deal was tanked earlier ...
Dating back to 1982, Connecticut recorded its lowest unemployment in 2000 between August and October, at 2.2%. The highest unemployment rate during that period occurred in November and December 2010 at 9.3%, [ 172 ] but economists expected record new levels of layoffs as a result of business closures in the spring of 2020 due to the coronavirus ...
An economic development incentive is known as "cash or near-cash assistance provided on a discretionary basis to attract or retain business operations." [ 1 ] These benefits principally encompass tax and economic incentives provided by federal , state , or local governmental bodies.
The Economic Opportunity Act of 1964 (Pub. L. 88–452) authorized the formation of local Community Action Agencies as part of the War on Poverty. These agencies are directly regulated by the federal government. [1] "It is the purpose of The Economic Opportunity Act to strengthen, supplement, and coordinate efforts in furtherance of that policy ...
Kelo v. City of New London, 545 U.S. 469 (2005), [1] was a landmark decision by the Supreme Court of the United States in which the Court held, 5–4, that the use of eminent domain to transfer land from one private owner to another private owner to further economic development does not violate the Takings Clause of the Fifth Amendment.