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In a press release, the governor announced that the State Bond Commission has approved approximately $77 million in state funding to support the sixth round of grants under the Community Investment Fund 2030.
This sixth grant round supports 35 economic development projects in 21 towns and cities across Connecticut, including $5 million for the City of Danbury for downtown revitalization.
This cycle, as part of a larger, nearly $80 million overall grant, Phase 2 of downtown revitalization, to enhance pedestrian and streetscape features will be funded. This is planned for Main Street (Route 53) from Boughton Street to Crosby Street, Liberty Street from Main Street to Patriot Drive, Independence Way, White Street from Ives Street to Main Street, a portion of Elm Street, Post Office Walk, and Kennedy Avenue.
Created in 2022, the Community Investment Fund supports economic development in historically underserved communities across the state. According to the release, “eligible projects include capital improvements, affordable housing, brownfield remediation, infrastructure, and public facilities, as well as small business support programs that provide revolving loans, gap financing, microloans, or start-up financing.”
