Joseph P. Gresko

Dear Neighbor,



During Tuesday's meeting of the Community Investment Fund 2030 (CIF) Board, the Town of Stratford was approved to receive a $160,000 state grant to mitigate flooding along Bruce Brook.



The funding provided by CIF will allow Stratford to replace pipes, culverts, and concrete channels of Bruce Brook – specifically in the areas of Boston Avenue and Bowe Avenue. Additionally, the project will focus on improving environmental factors by cleaning the channel of debris and reducing bacteria levels.  



This is phase one of a multi-year project and I thank Speaker Ritter for keeping Stratford a priority over the next five years to completion. This project funding is of particular importance as we deal with sea level rise and resiliency.

CIF was established in the 2021 biennial state budget to create new economic development opportunities in underserved communities. Over the next five years, CIF will provide a total of up to $875 million to support small businesses, education, housing, and infrastructure projects in eligible municipalities as well as community development corporations and nonprofits that serve these communities. Each year, the CIF board may approve up to $175 million.

 

During Tuesday's meeting, the CIF Board approved applications totaling $76,477,835. Of the 183 applications submitted, only 26 were approved. Those funds must now be approved by Governor Ned Lamont and the State Bond Commission.

As always, please feel free to reach out to me at the Capitol at 800-842-0363 or email me at Joseph.Gresko@cga.ct.gov.

Joseph P. Gresko