Historic Investment in Equity

BPRC
June 9, 2021
As Chair of the General Assembly’s Black and Puerto Rican Caucus, I am proud of Vice Chair Bobby Gibson and other members of the caucus for developing the Community Investment Fund 2030, a 10 year/ $2.5 billion-plus investment in historically underserved and marginalized communities. The Fund will provide direct access to capital projects and funding. 

The vision is to invest in both infrastructure and programs to make Connecticut’s cities vibrant and healthy communities. Community Investment Fund 2030 is an annual investment of funds, both for infrastructure and investing in people and programs without being subject to the highs and lows of state and municipal budgeting each year.
Oversight is provided by the Community Investment Fund 2030 Board, a group more connected to the community than traditional bonding through the State Bond Commission.

This is a massive investment opportunity for underserved communities across Connecticut. When you combine our equity investment fund with a bipartisan state budget that increases Waterbury's education and overall state funding, invests in healthcare and nursing homes and cuts taxes to working families by increasing the Earned Income Tax Credit to 30.5% of the federal credit (up from 23%) – Waterbury has a lot to celebrate.