Wednesday, August 31, 2011

Planning Conservation & Development Dept. Newsletter

Middletown Planning, Conservation & Development Newsletter- August 30, 2011
Hurricane Irene Business Assistance
The State of Connecticut, Department of Economic and Community Development has established a program to assist businesses negatively impacted by Hurricane Irene are eligible for assistance, including bridge financing and loans covering uninsured losses, through DECD. Highlights of this assistance include:
  • Loans of up to $200,000 to companies for storm-related damage, including property, machinery and equipment, and working capital;
  • Loan guarantees of up to $200,000 will be provided to banks and other lenders to spur local lending to businesses impacted by the storm;
  • Grants will be available to businesses for assistance in disaster recovery, such as temporary help and training; and
  • Technical assistance, linking businesses to a wide array of state and federal resources.
Agricultural businesses are eligible for funding.
Information for all services can be obtained by calling 1-860-270-8215. or go to
Local Economy-.Unemployed jumped up to 8.9%. Hiring in July was up slightly, but not enough to offset increases in unemployment.
Housing- Foreclosures have decrease again for the 4th straight month. Sales continue their weak trends, but a housing correction should be reaching an end. The real estate market likely will not see sustained gains until employment rebounds.
Web Presence- Web presence for Middletown has increased for a second month. Searches reveal a hot new restaurant downtown, Mondo.
Zoning Board of Appeals
Thursday, September 1 - CANCELLED
You can find agendas, minutes and legal notices at
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