Urban and Industrial Sites Reinvestment Tax Credit Program (Connecticut)
Last modified on February 12, 2015.
|Name||Urban and Industrial Sites Reinvestment Tax Credit Program (Connecticut)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Connecticut Department of Economic and Community Development|
The Urban and Industrial Sites Reinvestment Tax Credit Program provides up to $100 million in tax credits over a ten-year period to support projects that create jobs and capital investment in under-served areas. An Urban Site Investment Project is eligible if it creates significant economic activity and if it is located in a designated community. Eligible Industrial Site Investment Projects must have made an investment in or improvement to real property that has been subject to environmental contamination.
|Contact Name||Robert Rigney|
|Department||Department of Economic and Community Development|
|Division||Office of Business and Industry Development|