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The Capital Region Development Authority (CDRA), previously known as the Capital City Economic Development Authority (CCEDA), is a quasi-public state agency in Connecticut, responsible for promoting residential and economic development in and around the downtown district of the capital city of Hartford. The agency in its current form was ...
Unlike county governments, the authority of regional councils is limited to land use policy-making, infrastructure development, emergency preparedness, and long-term planning for population and economic changes for the communities within their respective jurisdiction.
During post-World War II period, Milford underwent significant suburbanization. Interstate 95 was routed through the city and the Milford section was completed by 1960.. In a July 2006 article in The Hartford Courant, Milford's community development director, Robert B. Gregory, said "The biggest change to Milford was I-95 with seven exits and entrances."
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 U.S. government designed TIGER grants in order to incentivize bettering environmental problems and reducing the United States' dependence on energy. On the economic front, the United States hopes infrastructure investment will encourage job creation, a pressing political priority; this would likely require the project to be shovel-ready.
From the federal level, the Department of Housing and Urban Development has set three goals for Community Planning and Development (CPD) Programs – "To ensure decent housing; To create and maintain a suitable living environment; and To expand economic opportunities", [24] that are taken directly from the Housing and Community Development Act ...
Of home-sale transactions that closed in March 2014, the median home in Connecticut sold for $225,000, up 3.2% from March 2013. [24] Connecticut ranked ninth nationally in foreclosure activity as of April 2014, with one of every 887 residential units involved in a foreclosure proceeding, or 0.11% of the total housing stock., [25] including City Place I and the Traveler's Tower, both housing ...
A $30 million deficit was corrected with $16 million in spending cuts, cuts of 30 full-time jobs, and an 11 percent increase in taxes, while adding $14.9 million to the rainy day fund. [ 28 ] [ 29 ] The fiscal policy resulted in 4 bond-rating upgrades from Standard & Poor's , three in January 2015, and one in January 2016.