ROCKY HILL, CT -- The Connecticut United Ways’ 2020 ALICE Report Lays Bare the Severity of the Economic Challenges Facing Many Families in the State and Outlines Proven Strategies to Move These Families Toward Financial Security.
CONNECTICUT -- For more than a decade prior to the pandemic, a growing number of working poor families in Connecticut faced stagnating wages and a rising cost of living, according to a new report from the United Way.
HARTFORD, CT -- Aquasi-public state agency that hoped to draw $63 million in federal tax credits to finance nonprofit development projects in low-income and distressed areas has struck out on its first attempt. The Connecticut Health and Educational Facilities Authority (CHEFA) was not on a list -- released by the U.S. Treasury last week -- of successful applicants for the so-called New Market Tax Credit program, created in 2003 to attract private investment for developments in poorer census tracts. CHEFA will try again when it submits an application later this year for the next round of credits, which will be awarded about a year from now.
NEW HAVEN, CT -- A new public-private partnership is offering low-interest and partially forgivable loans to local minority-owned and women-owned small businesses. The initial loan pool of $1.5 million will offer loans of up to $25,000 for small businesses located in New Haven and the lower Naugatuck Valley cities of Derby and Ansonia. The Partnership Loan Program for Minority- and Women-Owned Businesses in New Haven and the Lower Naugatuck Valley was created through a partnership among The Community Foundation for Greater New Haven, HEDCO, Inc., the Amour Propre Fund and The City of New Haven.
HARTFORD, CT -- Data shows that the new coronavirus is disproportionately striking black and Hispanic residents and killing black residents at a significantly higher rate than others. This is a tragic reflection of a longstanding reality in our state and country – widespread racial and ethnic health disparities.
HARTFORD, CT -- Connecticut Health and Educational Facilities Authority’s Board of Directors awarded FY 2020 Targeted Grant Program grants totaling $1 Million Dollars to four organizations.