Investing in Underserved Communities

May 24, 2022


 
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Dear Friends, Neighbors, and Colleagues,
Last year, I voted for the future of our communities by establishing the $875 million Community Investment Fund (CIF). This is a transformational opportunity to invest in underserved communities in Connecticut through economic development and small business, education, and infrastructure projects. 
 
The CIF allows $175 million per year for the next five years in bonding, with the option to renew the program for an additional five years. This funding will be directed to projects proposed by eligible municipalities, community development corporations, or nonprofit organizations. Click HERE to read the press release. 
 
Stamford is an eligible municipality and could receive grants available through the CIF for:
  • Capital Improvement Programs: brownfield remediation, affordable housing, infrastructure, clean energy development, and home or public facility rehabilitation
  • Small Business Capital Programs: revolving or micro loan programs, gap financing, and start-up funds to establish small businesses

Applications for the fund have not yet been posted on the CIF website, but are anticipated to be by the end of the month. In the meantime, the Department of Economic & Community Development is hosting an informational webinar on June 1 from 11AM – 12PM. If you have any questions about the CIF, this will be a great opportunity to ask them.
I am proud to see our community recognized with the investments that can be made through the CIF. A special thank you to the Black and Puerto Rican Caucus leadership and the Speaker of the House Representative Matthew Ritter for all their hard work to create this fund.
 
Asian Pacific American Heritage Month
Here's a great podcast to check out in honor of #AsianPacificAmericanHeritageMonth! 

🎙️ You can listen here: https://bit.ly/3GfKeLk
 
COVID Update

As the State of Connecticut continues taking actions in response to the global spread of coronavirus disease (COVID-19), Governor Ned Lamont provided the following updates as of 3:00 p.m. on Tuesday, May 24, 2022:

Data updates on testing in Connecticut

The following is a summary of newly reported data on COVID-19 in Connecticut from the past 7 days.
To read the full report – which includes a series of interactive graphs and charts that provide additional data on metrics related to age, gender, race/ethnicity, municipality, county, and other information – visit ct.gov/coronavirus and click the link that is labeled, “Data Tracker.”
 
As always, don't hesitate to contact me at the Capitol at 860-240-8585 or email me at David.Michel@cga.ct.gov.  Don't forget to like my Official Facebook Page for news and legislative updates!

Sincerely,

David Michel
State Representative
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