Bond Commission Awards $77 Million to Municipalities and Organizations, including Norwalk
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 Norwalk’s Open Door Shelter, Friends of the Norwalk River Valley Trail, and the Veterans Park Marina.
“I want to thank the governor and the Bond Commission for supporting our community and providing Norwalk with this important funding, and I look forward to seeing these important infrastructure upgrades take shape, and to using the soon-to-be-completed Glover Avenue Spur trail section,” Rep. Marra said.
This cycle, as part of a larger, nearly $80 million overall grant, Norwalk is in line to receive several awards, including $250,000 for Open Door Shelter, Inc.’s “Campus Expansion Project” and $1.5 million for the Friends of the Norwalk River Valley Trail’s “Glover Avenue Spur.” The Bond Commission also approved $3,528,000 for upgrades to the Veterans Park Marina as part of the Small Harbor Improvement Projects Program.
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.”