Commerce Committee

JOINT FAVORABLE REPORT

Bill No.:

SB-227

Title:

AN ACT CONCERNING CORRECTIONS TO CERTAIN CENSUS DESIGNATIONS.

Vote Date:

3/1/2012

Vote Action:

Joint Favorable

PH Date:

2/28/2012

File No.:

SPONSORS OF BILL:

Commerce Committee

REASONS FOR BILL:

The bill modifies the designation of Bristol's bioscience zone by substituting two census tracts in a commercial/industrial zone for two residential tracts. PA 10-104 extended enterprise zone benefits to certain businesses and commercial properties in Bristol, generally located near Bristol Hospital. Enterprise zone benefits include property tax exemptions, business tax credits, and sales tax exemptions.

RESPONSE FROM ADMINISTRATION/AGENCY:

Sen. Jason Welch, Thirty-First Senate District

Sen. Welch testified in support of the bill stating “On behalf of the City of Bristol, I am respectfully requesting that two of our currently-designated bioscience zones be replaced by two other zones that are located in industrially-zoned areas. The passage of this proposal is an important piece to Bristol's overall strategy to attract new businesses and lower the unemployment in our districts.”

Rep. Frank N. Nicastro Sr., Seventy-Ninth Assembly District

Rep. Nicastro testified in support of the bill stating “This bill is making certain revisions to the Bioscience designations in the city of Bristol. I am urging you to make the following revisions to the map provided. Currently the Census Track for the Bioscience Zones is: 4051, 4052, and 4053. What Bristol is looking to do is to keep zones 4051, add 4061 and 4054; delete 4053 and 4052. I would like to point out that zones 4052 and 4053 are strongly residential areas and the Bioscience Zones would serve no purpose there.”

NATURE AND SOURCES OF SUPPORT:

Michael Nicastro, President and CEO of the Central Connecticut Chambers of Commerce in Bristol

Mr. Nicastro testified in support of the bill stating “By replacing 4052 & 4053 with census tracts 5054 & 4061 as proposed in SB 227 the entire downtown section of the city which is an active redevelopment area as well as the new Southeast Business Park which abuts the ESPN North Campus would make the opportunity envisioned by the original legislature viable. With these two census tracts along with 4051 which contains Bristol Hospital and was the correct designation, the creation of the bioscience zone will have a greater chance to succeed.”

Mr. Nicastro added “As a first step the Chamber is in the process of opening an office of Angel Capital. This will provide local entrepreneurs a place to meet with Angel investors and discuss possible investments. It will also be an additional source of mentoring from experience investors and serial entrepreneurs. This will open in May as my organization has signed a three year contract to provide the administrative services to the Angel Investor Forum of Connecticut, the state's only professional Angel group. This is why SB 227 is so important. While simple in content the effects are powerful, especially when you consider all of the other elements which are now in place.”

NATURE AND SOURCES OF OPPOSITION:

None

Reported by: George Harlamon

Date: 3/5/12