Gov. Dannel P. Malloy and the General Assembly enacted legislation establishing competitive grant funding for “innovation places.”  The program hopes to connect colleges, universities and hospitals with small-business owners, entrepreneurs and recent college grads with goals ranging from the obvious business and job growth, to the perhaps more important retention of brain power and youth within Connecticut.

The grants will start with an initial pool of $50,000 to fund the organization and planning of proposed innovation places, and then expand, with millions available in the next stage of the program to actually establish the physical locations as hubs of innovation.

Along the way the program is designed to leverage funding from private sources, retain young college graduates as well as highly trained workers, and spark growth in Connecticut’s downtowns.

State Funding For ‘Innovation Places’ Hopes To Promote Business, Job Growth  — Hartford Courant

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